Erste Group Bank (OTCMKTS:EBKDY) Stock Price Passes Above 50 Day Moving Average of $24.01

Erste Group Bank AG (OTCMKTS:EBKDYGet Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $24.01 and traded as high as $24.50. Erste Group Bank shares last traded at $24.33, with a volume of 29,159 shares changing hands.

Analyst Upgrades and Downgrades

Separately, BNP Paribas raised Erste Group Bank to a “hold” rating in a research report on Thursday.

View Our Latest Analysis on Erste Group Bank

Erste Group Bank Stock Down 2.7 %

The stock has a 50-day moving average of $24.02 and a 200 day moving average of $22.01. The stock has a market cap of $19.13 billion, a PE ratio of 5.74, a price-to-earnings-growth ratio of 0.79 and a beta of 1.33.

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

Erste Group Bank Increases Dividend

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

About Erste Group Bank

(Get Free Report)

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.

Further Reading

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