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

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) reached a new 52-week high on Thursday . The company traded as high as $31.19 and last traded at $30.96, with a volume of 26527 shares traded. The stock had previously closed at $30.94.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EBKDY. Keefe, Bruyette & Woods upgraded Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research note on Friday, November 22nd. The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th.

Erste Group Bank Price Performance

The firm has a market cap of $25.85 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29. The firm’s 50 day moving average is $28.42 and its 200 day moving average is $26.70.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.18 EPS for the quarter. The firm 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, analysts expect that Erste Group Bank AG will post 4.27 EPS for the current 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.