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

Erste Group Bank AG (OTCMKTS:EBKDY)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $29.53 and last traded at $29.34, with a volume of 115955 shares changing hands. The stock had previously closed at $28.95.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded shares of Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research report on Friday, November 22nd.

Erste Group Bank Stock Up 2.6 %

The business’s fifty day moving average is $27.59 and its two-hundred day moving average is $26.22. The firm has a market cap of $25.98 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29.

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. Erste Group Bank had a return on equity of 11.11% and a net margin of 15.21%. The company had revenue of $3.02 billion during the quarter. Research analysts forecast that Erste Group Bank AG will post 4.27 EPS 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.