Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,662 shares, a decrease of 82.6% from the April 30th total of 20,990 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 141,112 shares, the short-interest ratio is presently 0.0 days.

Erste Group Bank Price Performance

OTCMKTS EBKDY opened at $59.23 on Thursday. The company’s 50 day simple moving average is $57.05 and its 200 day simple moving average is $58.16. Erste Group Bank has a 12 month low of $39.65 and a 12 month high of $66.88. The company has a market capitalization of $46.00 billion, a P/E ratio of 11.89, a PEG ratio of 0.59 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.53 billion. On average, analysts anticipate that Erste Group Bank will post 5.85 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EBKDY. Zacks Research lowered shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research note on Friday, April 17th. Finally, Citigroup upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Erste Group Bank presently has an average rating of “Moderate Buy”.

About Erste Group Bank

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.