Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $36.63 and traded as high as $40.67. Erste Group Bank shares last traded at $40.58, with a volume of 46,861 shares traded.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Citigroup lowered Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. UBS Group raised Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 26th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Erste Group Bank in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".
Get Our Latest Analysis on EBKDY
Erste Group Bank Price Performance
The company has a market capitalization of $34.25 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.08 and a beta of 1.10. The business has a fifty day moving average price of $36.90 and a 200 day moving average price of $33.92.
Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.14). The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.21 billion. Erste Group Bank had a net margin of 15.21% and a return on equity of 10.95%. Research analysts anticipate that Erste Group Bank AG will post 4.05 earnings per share for the current year.
Erste Group Bank Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $1.1657 per share. This represents a dividend yield of 2.89%. The ex-dividend date is Tuesday, May 27th. Erste Group Bank's dividend payout ratio (DPR) is 30.31%.
About Erste Group Bank
(
Get Free Report)
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.
See Also
Before you consider Erste Group Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Erste Group Bank wasn't on the list.
While Erste Group Bank currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
