Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 32.0% in June

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 6,600 shares, a decline of 32.0% from the May 31st total of 9,700 shares. Based on an average daily trading volume, of 66,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas upgraded Erste Group Bank to a “hold” rating in a research report on Thursday, June 13th.

Erste Group Bank Stock Performance

Shares of OTCMKTS:EBKDY traded up $0.66 on Monday, reaching $24.34. The company’s stock had a trading volume of 40,916 shares, compared to its average volume of 47,127. The company has a market cap of $20.49 billion, a P/E ratio of 5.98, a PEG ratio of 0.77 and a beta of 1.34. The company has a 50-day simple moving average of $24.19 and a 200 day simple moving average of $22.29. Erste Group Bank has a 52-week low of $16.58 and a 52-week high of $25.97.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.02 earnings per share for the quarter. The business had revenue of $3.03 billion during the quarter. Erste Group Bank had a return on equity of 11.67% and a net margin of 14.34%. On average, equities research analysts forecast that Erste Group Bank will post 3.88 EPS for the current fiscal year.

Erste Group Bank Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were given a dividend of $1.416 per share. The ex-dividend date of this dividend was Friday, May 24th. This is an increase from Erste Group Bank’s previous dividend of $0.99. Erste Group Bank’s dividend payout ratio is presently 25.51%.

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.