Erste Group Bank (OTCMKTS:EBKDY) Upgraded at UBS Group

UBS Group upgraded shares of Erste Group Bank (OTCMKTS:EBKDY - Free Report) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

EBKDY has been the subject of a number of other reports. Morgan Stanley restated an "overweight" rating on shares of Erste Group Bank in a report on Tuesday, May 13th. Citigroup lowered shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a 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 assigned a strong buy rating to the stock. According to MarketBeat, Erste Group Bank currently has an average rating of "Moderate Buy".

Erste Group Bank Stock Up 0.6%

Shares of EBKDY stock traded up $0.26 during trading hours on Monday, hitting $40.16. 667,947 shares of the company's stock traded hands, compared to its average volume of 70,216. The stock's fifty day simple moving average is $36.39 and its two-hundred day simple moving average is $33.38. Erste Group Bank has a 12-month low of $22.36 and a 12-month high of $41.44. The stock has a market cap of $32.97 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.08 and a beta of 1.03.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.96 earnings per share (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 business had revenue of $3.21 billion for the quarter, compared to analysts' expectations of $3.21 billion. On average, equities analysts forecast 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 announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $1.1657 per share. The ex-dividend date is Tuesday, May 27th. This represents a yield of 2.89%. Erste Group Bank's dividend payout ratio is presently 30.05%.

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.