Erste Group Bank (OTCMKTS:EBKDY) Hits New 12-Month High – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY) hit a new 52-week high on Tuesday . The stock traded as high as $32.37 and last traded at $32.22, with a volume of 470838 shares traded. The stock had previously closed at $31.26.

Analysts Set New Price Targets

EBKDY has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report 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 note on Friday, November 22nd.

Erste Group Bank Price Performance

The stock has a market cap of $26.73 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 1.01 and a beta of 1.25. The business has a fifty day moving average of $29.57 and a 200-day moving average of $27.59.

Erste Group Bank (OTCMKTS:EBKDY) last posted its 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. As a group, equities research analysts predict that Erste Group Bank AG will post 4.05 EPS for the current year.

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.