Erste Group Bank (OTCMKTS:EBKDY) Hits New 12-Month High – Time to Buy?

Erste Group Bank AG (OTCMKTS:EBKDY) shares reached a new 52-week high on Wednesday . The company traded as high as $31.49 and last traded at $30.73, with a volume of 29824 shares changing hands. The stock had previously closed at $31.00.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. 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 report on Friday, November 22nd.

Erste Group Bank Stock Down 3.6 %

The company has a 50 day moving average price of $28.73 and a 200-day moving average price of $26.90. The company has a market cap of $24.31 billion, a price-to-earnings ratio of 7.33, a P/E/G ratio of 0.89 and a beta of 1.29.

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