Erste Group Bank (OTCMKTS:EBKDY) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Erste Group Bank AG (OTCMKTS:EBKDY) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $29.86 and traded as high as $32.27. Erste Group Bank shares last traded at $31.76, with a volume of 47,719 shares trading hands.

Analysts Set New Price Targets

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

Erste Group Bank Stock Performance

The stock has a market capitalization of $26.08 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25. The business has a fifty day simple moving average of $29.86 and a 200 day simple moving average of $27.77.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.18 EPS for the quarter. Erste Group Bank had a net margin of 15.21% and a return on equity of 10.95%. The business had revenue of $3.02 billion for the quarter. On average, sell-side analysts forecast that Erste Group Bank AG will post 4.05 earnings per share for the current fiscal 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.