Erste Group Bank (OTCMKTS:EBKDY) Hits New 1-Year High – What’s Next?

Erste Group Bank AG (OTCMKTS:EBKDY) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.37 and last traded at $32.22, with a volume of 470838 shares traded. The stock had previously closed at $31.26.

Wall Street Analysts Forecast Growth

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

Erste Group Bank Trading Up 3.1 %

The stock has a market cap of $26.45 billion, a P/E ratio of 7.98, a PEG ratio of 0.98 and a beta of 1.25. The company has a 50 day simple moving average of $29.39 and a 200 day simple moving average of $27.51.

Erste Group Bank (OTCMKTS:EBKDY) last released its 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 10.95% and a net margin of 15.21%. As a group, sell-side analysts expect that Erste Group Bank AG will post 4.05 earnings per share 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.