Erste Group Bank (OTCMKTS:EBKDY) Rating Increased 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 report issued on Tuesday, August 5th,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Morgan Stanley reiterated an "overweight" rating on shares of Erste Group Bank in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Erste Group Bank in a report on Monday, August 4th. Finally, UBS Group upgraded Erste Group Bank from a "hold" rating to a "strong-buy" rating in a report on Monday, May 26th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Erste Group Bank Stock Performance

Shares of Erste Group Bank stock traded down $0.17 during trading hours on Tuesday, hitting $50.07. The company's stock had a trading volume of 19,693 shares, compared to its average volume of 70,050. Erste Group Bank has a twelve month low of $25.20 and a twelve month high of $50.48. The firm has a fifty day moving average of $43.52 and a 200-day moving average of $38.36. The stock has a market cap of $41.10 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 0.98 and a beta of 1.14.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.15. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.18 billion. Erste Group Bank had a return on equity of 10.42% and a net margin of 16.96%. On average, sell-side analysts expect that Erste Group Bank will post 4.05 earnings per share for the current fiscal year.

Erste Group Bank Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th were given a dividend of $1.1657 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a yield of 289.0%. Erste Group Bank's dividend payout ratio (DPR) is presently 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.