Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 37.2% in April

Erste Group Bank AG (OTCMKTS:EBKDYGet Rating) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totalling 24,500 shares, a decrease of 37.2% from the April 15th total of 39,000 shares. Based on an average daily trading volume, of 301,900 shares, the days-to-cover ratio is currently 0.1 days.

Erste Group Bank stock opened at $14.68 on Friday. The company has a market capitalization of $12.62 billion, a PE ratio of 5.76 and a beta of 1.44. Erste Group Bank has a 12 month low of $13.16 and a 12 month high of $25.97. The stock has a 50-day moving average price of $16.86 and a two-hundred day moving average price of $20.68.

Erste Group Bank (OTCMKTS:EBKDYGet Rating) last released its earnings results on Monday, February 28th. The financial services provider reported $0.53 EPS for the quarter. Erste Group Bank had a return on equity of 8.37% and a net margin of 20.99%. The business had revenue of $2.23 billion during the quarter. On average, equities research analysts forecast that Erste Group Bank will post 2.12 EPS for the current year.

EBKDY has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on Erste Group Bank from €48.00 ($50.53) to €36.00 ($37.89) in a report on Monday, March 14th. Zacks Investment Research raised Erste Group Bank from a “sell” rating to a “hold” rating in a report on Wednesday. BNP Paribas raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 3rd. Societe Generale reduced their target price 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, Exane BNP Paribas raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 3rd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments.

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