Erste Group Bank (OTCMKTS:EBKDY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Erste Group Bank’s trading volume surged 476% above its average, with approximately 538,053 shares changing hands. The stock traded at $60.335, up from its prior close of $59.78.
• Analyst sentiment is broadly positive: Citigroup and Deutsche Bank maintained “buy” ratings, while Oddo Bhf and Goldman Sachs upgraded the stock. MarketBeat reports an overall average rating of “Buy.”
• The bank reported quarterly EPS of $1.58, matching consensus estimates, with a 10.22% return on equity and an 18.39% net margin. Analysts expect full-year EPS of $5.89.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) saw unusually-high trading volume on Friday. Approximately 538,053 shares were traded during mid-day trading, an increase of 476% from the average daily volume of 93,452 shares. The stock last traded at $60.3350 and had previously closed at $59.78.

Analyst Upgrades and Downgrades

EBKDY has been the topic of several research analyst reports. Citigroup restated a "buy" rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Oddo Bhf raised Erste Group Bank from a "neutral" rating to an "outperform" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Erste Group Bank in a research report on Monday, July 20th. The Goldman Sachs Group upgraded Erste Group Bank to a "strong-buy" rating in a research report on Wednesday, July 8th. Finally, Zacks Research upgraded Erste Group Bank from a "strong sell" rating to a "hold" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Erste Group Bank presently has an average rating of "Buy".

Erste Group Bank Price Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $46.84 billion, a P/E ratio of 11.55, a PEG ratio of 0.59 and a beta of 0.92. The business's fifty day moving average price is $66.73 and its 200 day moving average price is $62.75.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its earnings results on Friday, October 30th. The financial services provider reported $1.58 EPS for the quarter, hitting the consensus estimate of $1.58. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. Sell-side analysts forecast that Erste Group Bank AG will post 5.89 EPS for the current fiscal year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austria-based financial services group that provides banking and related services to retail customers, small and medium-sized businesses, corporations, public-sector organizations and institutional clients. Its offerings include deposit accounts, consumer and mortgage lending, business finance, payment services, investment products, securities trading and wealth management.

Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe's major banking organizations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.