Erste Group Bank (OTCMKTS:EBKDY) Shares Pass Above 50-Day Moving Average – What’s Next?

Erste Group Bank AG (OTCMKTS:EBKDY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $59.86 and traded as high as $65.28. Erste Group Bank shares last traded at $64.97, with a volume of 30,051 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, June 10th. Finally, Zacks Research cut shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Erste Group Bank Price Performance

The firm has a fifty day moving average price of $59.86 and a two-hundred day moving average price of $59.35. The stock has a market capitalization of $50.46 billion, a PE ratio of 13.05, a P/E/G ratio of 0.65 and a beta of 0.85.

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

Erste Group Bank Company Profile

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.