Erste Group Bank (OTCMKTS:EBKDY) Sees Unusually-High Trading Volume – Time to Buy?

Erste Group Bank AG (OTCMKTS:EBKDY) saw an uptick in trading volume on Friday . 128,752 shares changed hands during trading, an increase of 188% from the previous session’s volume of 44,632 shares.The stock last traded at $64.53 and had previously closed at $65.01.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EBKDY shares. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Oddo Bhf cut Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Erste Group Bank currently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Down 0.7%

The company has a fifty day simple moving average of $59.33 and a two-hundred day simple moving average of $52.63. The firm has a market capitalization of $50.14 billion, a PE ratio of 15.52, a PEG ratio of 0.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.19. Erste Group Bank had a net margin of 17.36% and a return on equity of 9.85%. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.30 billion. Analysts forecast that Erste Group Bank AG will post 4.05 EPS for the current fiscal year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.