Erste Group Bank (OTCMKTS:EBKDY) Shares Gap Up - Still a Buy?

Key Points

• Erste Group shares gapped up, opening at $59.06 after a $53.97 close and last trading at $58.76 on Wednesday, on light volume (719 shares).
• Analysts have a consensus Moderate Buy (2 Strong Buy, 3 Buy, 3 Hold), with recent moves including Citigroup's upgrade to strong-buy and Deutsche Bank's reissued buy rating.
• The bank has a $45.11B market cap, P/E of 11.66 and PEG of 0.54; it reported quarterly EPS of $1.26 (missing estimates by $0.05) while revenue beat at $4.60B, and analysts forecast about 5.8 EPS for the year.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $53.97, but opened at $59.06. Erste Group Bank shares last traded at $58.7601, with a volume of 719 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on EBKDY shares. Citigroup raised Erste Group Bank to a "strong-buy" rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Erste Group Bank in a report on Friday, April 17th. Finally, Zacks Research lowered Erste Group Bank from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Erste Group Bank has a consensus rating of "Moderate Buy".

Erste Group Bank Price Performance

The firm has a fifty day simple moving average of $57.00 and a two-hundred day simple moving average of $57.27. The firm has a market capitalization of $45.11 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 0.54 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.05). Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.53 billion. On average, research analysts anticipate that Erste Group Bank AG will post 5.8 EPS for the current year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.

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