Erste Group Bank (OTCMKTS:EBKDY) Stock Passes Below 200-Day Moving Average of $19.41

Erste Group Bank AG (OTCMKTS:EBKDYGet Rating)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.41 and traded as low as $13.75. Erste Group Bank shares last traded at $14.01, with a volume of 68,821 shares trading hands.

A number of equities analysts recently issued reports on EBKDY shares. UBS Group raised their price target on Erste Group Bank from €42.00 ($43.75) to €45.00 ($46.88) in a report on Friday, February 18th. Societe Generale dropped their target price on Erste Group Bank from €48.00 ($50.00) to €47.00 ($48.96) and set a “buy” rating on the stock in a report on Tuesday, March 1st. BNP Paribas raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Erste Group Bank from €36.00 ($37.50) to €43.00 ($44.79) in a research report on Tuesday, May 17th. Finally, Exane BNP Paribas upgraded shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $45.67.

The company has a market cap of $12.04 billion, a price-to-earnings ratio of 5.49 and a beta of 1.44. The business has a fifty day simple moving average of $15.77 and a 200 day simple moving average of $19.41.

Erste Group Bank (OTCMKTS:EBKDYGet Rating) last announced its quarterly earnings results on Friday, April 29th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Erste Group Bank had a net margin of 20.99% and a return on equity of 8.45%. The business had revenue of $2.38 billion during the quarter. Research analysts forecast that Erste Group Bank AG will post 2.12 EPS for the current fiscal year.

The business also recently declared a dividend, which was paid on Monday, June 6th. Stockholders of record on Tuesday, May 24th were given a dividend of $0.5604 per share. This represents a dividend yield of 6.03%. This is an increase from Erste Group Bank’s previous dividend of $0.30. The ex-dividend date was Monday, May 23rd. Erste Group Bank’s dividend payout ratio (DPR) is presently 22.35%.

Erste Group Bank Company Profile (OTCMKTS:EBKDY)

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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