According to Zacks, “The Erste Bank der Muster is a traditional banking group and providering financial services in Central and Eastern Europe. It focuses on retail and SME banking. It offers a range of products through group-wide bundling of product know how into Competence Centres covering, among others, Debt financing, Equity capital markets ,Mergers and acquisitions,Debt advisory, Project financing, Syndication, Real Estate financing and solutions, Infrastructure Finance & Public Sector, Merchant Banking / Private Equity, Leasing solutions (IMMORENT), and Corporate Cash Management. Its customers can avail its products in netbanking, wether it is Komfort-Kredit, Profit account, Bonus account, Building society contract, Pension plan or the order of MasterCard or VISA Card. Erste Bank focuses on private clients, corporate clients and the public sector. it offers all financial products under one roof. It operates in the areas of investment , construction and living , and leasing. Erste Bank is based in Vienna, Austria. “
A number of other equities research analysts have also commented on the company. UBS Group increased their price target on Erste Group Bank from €42.00 ($44.21) to €45.00 ($47.37) in a research report on Friday, February 18th. JPMorgan Chase & Co. reduced their price objective on Erste Group Bank from €48.00 ($50.53) to €36.00 ($37.89) in a report on Monday, March 14th. Societe Generale reduced their price objective on Erste Group Bank from €48.00 ($50.53) to €47.00 ($49.47) and set a buy rating on the stock in a report on Tuesday, March 1st. Finally, Morgan Stanley upped their price objective on Erste Group Bank from €50.00 ($52.63) to €53.00 ($55.79) in a report on Tuesday, February 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Erste Group Bank currently has an average rating of Buy and a consensus price target of $41.86.
Erste Group Bank (OTCMKTS:EBKDY – Get Rating) last released its quarterly earnings data on Monday, February 28th. The financial services provider reported $0.53 earnings per share for the quarter. Erste Group Bank had a return on equity of 8.15% and a net margin of 21.26%. The company had revenue of $2.23 billion for the quarter. On average, research analysts expect that Erste Group Bank will post 2.21 earnings per share for the current fiscal year.
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. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments.
- Get a free copy of the StockNews.com research report on Erste Group Bank (EBKDY)
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