Erste Group Bank (OTCMKTS:EBKDY) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $37.60 and traded as high as $42.27. Erste Group Bank shares last traded at $42.13, with a volume of 79,279 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group raised shares of Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 26th. Morgan Stanley reiterated an "overweight" rating on shares of Erste Group Bank in a research note on Tuesday, May 13th. Finally, Citigroup lowered shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Erste Group Bank Price Performance

The stock has a market cap of $33.51 billion, a PE ratio of 10.10, a PEG ratio of 1.08 and a beta of 1.10. The company has a 50 day moving average price of $37.60 and a two-hundred day moving average price of $34.22.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.96 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.14). Erste Group Bank had a net margin of 15.21% and a return on equity of 10.95%. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.21 billion. As a group, equities analysts predict that Erste Group Bank AG will post 4.05 earnings per share for the current fiscal year.

Erste Group Bank Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 28th were paid a $1.1657 dividend. This represents a yield of 2.89%. The ex-dividend date of this dividend was Tuesday, May 27th. Erste Group Bank's dividend payout ratio (DPR) is 30.31%.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.