Erste Group Bank (OTCMKTS:EBKDY) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $29.18 and traded as high as $31.35. Erste Group Bank shares last traded at $31.04, with a volume of 72,675 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Keefe, Bruyette & Woods upgraded Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. The Goldman Sachs Group raised shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th.

Erste Group Bank Stock Performance

The firm’s 50-day moving average is $29.18 and its two-hundred day moving average is $27.32. The stock has a market cap of $25.48 billion, a P/E ratio of 7.68, a PEG ratio of 0.94 and a beta of 1.25.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.18 earnings per share (EPS) for the quarter. The business had revenue of $3.02 billion for the quarter. Erste Group Bank had a return on equity of 11.11% and a net margin of 15.21%. As a group, research analysts forecast that Erste Group Bank AG will post 4.27 EPS for the current year.

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.