Erste Group Bank (OTCMKTS:EBKDY) Reaches New 1-Year High – Still a Buy?

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price reached a new 52-week high on Tuesday . The company 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.

Analyst Ratings Changes

A number of equities analysts have commented on EBKDY shares. 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. Keefe, Bruyette & Woods upgraded 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 Price Performance

The firm has a market capitalization of $26.73 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 1.01 and a beta of 1.25. The company’s 50-day moving average is $29.57 and its 200-day moving average is $27.59.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.18 earnings per share for the quarter. The firm had revenue of $3.02 billion during the quarter. Erste Group Bank had a net margin of 15.21% and a return on equity of 10.95%. Sell-side analysts anticipate that Erste Group Bank AG will post 4.05 earnings per share 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.