Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Up 103.0% in March

Erste Group Bank AG (OTCMKTS:EBKDYGet Rating) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 33,700 shares, a growth of 103.0% from the March 15th total of 16,600 shares. Based on an average daily trading volume, of 178,600 shares, the short-interest ratio is currently 0.2 days.

OTCMKTS EBKDY traded up $0.19 during trading hours on Friday, reaching $17.37. The company’s stock had a trading volume of 47,781 shares, compared to its average volume of 88,100. The firm has a fifty day simple moving average of $18.80 and a 200-day simple moving average of $21.58. The stock has a market cap of $14.93 billion, a P/E ratio of 7.06 and a beta of 1.43. Erste Group Bank has a 52 week low of $13.16 and a 52 week high of $25.97.

Erste Group Bank (OTCMKTS:EBKDYGet Rating) last issued its quarterly earnings data on Monday, February 28th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter. The business had revenue of $2.23 billion during the quarter. Erste Group Bank had a net margin of 21.26% and a return on equity of 8.14%. On average, sell-side analysts expect that Erste Group Bank will post 2.21 earnings per share for the current year.

EBKDY has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Erste Group Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Societe Generale dropped their target price on shares of Erste Group Bank from €48.00 ($52.17) to €47.00 ($51.09) and set a “buy” rating for the company in a report on Tuesday, March 1st. UBS Group increased their target price on shares of Erste Group Bank from €42.00 ($45.65) to €45.00 ($48.91) in a report on Friday, February 18th. JPMorgan Chase & Co. dropped their target price on shares of Erste Group Bank from €48.00 ($52.17) to €36.00 ($39.13) in a report on Monday, March 14th. Finally, Morgan Stanley increased their target price on shares of Erste Group Bank from €50.00 ($54.35) to €53.00 ($57.61) in a report on Tuesday, February 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Erste Group Bank currently has an average rating of “Buy” and a consensus price target of $41.86.

Erste Group Bank Company Profile (Get Rating)

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, real estate, and public sector customers in Austria, Central and Eastern Europe, and internationally. It operates through Retail, Corporates, Group Markets, Asset/Liability Management and Local Corporate Center, Savings Banks, and Group Corporate Center segments.

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