Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 49,800 shares, a growth of 666.2% from the September 30th total of 6,500 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 86,400 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 86,400 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the company’s shares are short sold.

Erste Group Bank Trading Up 1.0%

Shares of EBKDY stock opened at $49.28 on Thursday. The business’s fifty day simple moving average is $48.85 and its 200-day simple moving average is $44.26. The company has a market cap of $40.46 billion, a PE ratio of 12.17, a PEG ratio of 0.83 and a beta of 1.09. Erste Group Bank has a 12-month low of $26.26 and a 12-month high of $51.72.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Friday, August 1st. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.18 billion. Erste Group Bank had a return on equity of 10.08% and a net margin of 16.96%. On average, equities analysts forecast that Erste Group Bank will post 4.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

EBKDY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Monday, August 4th. Cfra Research upgraded Erste Group Bank to a “hold” rating in a report on Tuesday, August 5th. Zacks Research upgraded Erste Group Bank to a “hold” rating in a report on Monday, August 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Erste Group Bank has an average rating of “Moderate Buy”.

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.