Erste Group Bank (OTCMKTS:EBKDY) Upgraded at UBS Group

Erste Group Bank (OTCMKTS:EBKDY) was upgraded by equities researchers at UBS Group from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on EBKDY. Citigroup downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Erste Group Bank currently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 0.5%

Shares of OTCMKTS:EBKDY opened at $40.10 on Monday. The stock has a market capitalization of $32.92 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 1.08 and a beta of 1.03. The firm’s 50 day moving average price is $36.18 and its 200-day moving average price is $33.17. Erste Group Bank has a twelve month low of $22.36 and a twelve month high of $41.44.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.14). Erste Group Bank had a return on equity of 10.95% and a net margin of 15.21%. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.21 billion. Analysts expect that Erste Group Bank will post 4.05 earnings per share 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.