Erste Group Bank (OTCMKTS:EBKDY) Raised to Hold at Cfra Research

Key Points

• Erste Group Bank has been upgraded to a "hold" rating by Cfra Research, reflecting a positive outlook from equities researchers.
• The stock has a current consensus rating of "Moderate Buy", with multiple analysts issuing ratings ranging from hold to strong buy.
• In its latest earnings report, Erste Group Bank achieved an EPS of $1.20, exceeding expectations and reporting revenues of $3.26 billion for the quarter.

Cfra Research upgraded shares of Erste Group Bank (OTCMKTS:EBKDY - Free Report) to a hold rating in a research note released on Tuesday,Zacks.com reports.

Several other analysts have also issued reports on the stock. UBS Group upgraded shares of Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 26th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Erste Group Bank in a research report on Monday, August 4th. Finally, Morgan Stanley restated an "overweight" rating on shares of Erste Group Bank in a research report on Tuesday, August 5th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

Erste Group Bank Price Performance

OTCMKTS EBKDY traded up $0.81 during trading hours on Tuesday, reaching $49.98. 101,898 shares of the company's stock traded hands, compared to its average volume of 51,210. Erste Group Bank has a 52-week low of $25.00 and a 52-week high of $50.20. The firm has a market cap of $41.04 billion, a PE ratio of 12.34, a PEG ratio of 0.98 and a beta of 1.14. The firm has a 50-day simple moving average of $43.32 and a 200 day simple moving average of $38.23.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last issued its earnings results on Friday, August 1st. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.15. The business had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.18 billion. Erste Group Bank had a net margin of 16.96% and a return on equity of 10.42%. Sell-side analysts forecast that Erste Group Bank will post 4.05 EPS for the current fiscal year.

Erste Group Bank Cuts Dividend

The business also recently declared 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 289.0%. The ex-dividend date of this dividend was Tuesday, May 27th. Erste Group Bank's dividend payout ratio (DPR) is currently 28.89%.

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.