Erste Group Bank (OTCMKTS:EBKDY) Hits New 52-Week High – What’s Next?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) reached a new 52-week high on Wednesday . The company traded as high as $31.49 and last traded at $30.73, with a volume of 29824 shares. The stock had previously closed at $31.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EBKDY shares. The Goldman Sachs Group raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods raised shares of Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research report on Friday, November 22nd.

Erste Group Bank Stock Performance

The company has a market cap of $24.31 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29. The stock’s fifty day moving average is $28.73 and its two-hundred day moving average is $26.90.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.18 EPS for the quarter. Erste Group Bank had a return on equity of 11.11% and a net margin of 15.21%. The firm had revenue of $3.02 billion during the quarter. On average, equities research analysts expect that Erste Group Bank AG will post 4.27 EPS for the current year.

About Erste Group Bank

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.