Erste Group Bank (OTCMKTS:EBKDY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Trading volume surged 121% to approximately 204,118 shares, while Erste Group Bank’s stock rose to $62.41 from a previous close of $60.94.
• Analyst sentiment is broadly positive: the stock carries an average “Buy” rating, including one Strong Buy, five Buys, and one Hold.
• Recent quarterly results slightly exceeded expectations, with earnings of $1.44 per share versus $1.43 expected and revenue of $4.62 billion versus $4.48 billion forecast.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) saw unusually-strong trading volume on Tuesday. Approximately 204,118 shares traded hands during trading, an increase of 121% from the previous session's volume of 92,403 shares. The stock last traded at $62.41 and had previously closed at $60.94.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EBKDY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Erste Group Bank in a research report on Wednesday, September 2nd. Oddo Bhf raised Erste Group Bank from a "neutral" rating to an "outperform" rating in a report on Thursday, August 6th. Zacks Research upgraded shares of Erste Group Bank from a "strong sell" rating to a "hold" rating in a research note on Friday, August 7th. The Goldman Sachs Group raised Erste Group Bank to a "strong-buy" rating in a research note on Wednesday, July 8th. Finally, Citigroup restated a "buy" rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. One equities research 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Buy".

Erste Group Bank Stock Performance

The stock has a fifty day moving average of $69.21 and a 200-day moving average of $63.95. The firm has a market capitalization of $48.32 billion, a P/E ratio of 11.92, a P/E/G ratio of 0.61 and a beta of 0.92. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.01. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. The company had revenue of $4.62 billion during the quarter, compared to analysts' expectations of $4.48 billion. On average, research analysts anticipate that Erste Group Bank AG will post 5.89 EPS for the current year.

About Erste Group Bank

Erste Group Bank AG is an Austria-based banking group serving retail customers, small and medium-sized businesses, corporate clients, and institutional customers. Its services include current and savings accounts, consumer and housing loans, mortgages, payment services, investment products, insurance-related offerings, corporate finance, and capital-markets services.

The group has its roots in Erste österreichische Spar-Casse, founded in Vienna in 1819. Through its banking subsidiaries, Erste Group provides financial services across Austria and several Central and Eastern European markets, including the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.

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