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

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a significant 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 volume of 66,800 shares, the short-interest ratio is presently 0.1 days.

Erste Group Bank Stock Performance

EBKDY stock traded down $0.11 during midday trading on Friday, reaching $23.68. 20,835 shares of the company were exchanged, compared to its average volume of 34,532. The company has a market cap of $19.93 billion, a price-to-earnings ratio of 5.98, a price-to-earnings-growth ratio of 0.77 and a beta of 1.33. Erste Group Bank has a 1-year low of $16.58 and a 1-year high of $25.97. The stock’s 50-day simple moving average is $24.19 and its 200 day simple moving average is $22.29.

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

Erste Group Bank Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were given a $1.416 dividend. The ex-dividend date of this dividend was Friday, May 24th. This is a boost from Erste Group Bank’s previous dividend of $0.99. Erste Group Bank’s dividend payout ratio is 25.51%.

Analyst Upgrades and Downgrades

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

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.