Erste Group Bank (OTCMKTS:EBKDY) Raised to “Hold” at Keefe, Bruyette & Woods

Erste Group Bank (OTCMKTS:EBKDY) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “moderate sell” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Erste Group Bank Price Performance

Shares of OTCMKTS EBKDY opened at $27.28 on Friday. Erste Group Bank has a 1-year low of $19.47 and a 1-year high of $29.34. The business has a 50-day moving average of $27.23 and a 200-day moving average of $25.96. The company has a market capitalization of $22.96 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.83 and a beta of 1.32.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.18 earnings per share for the quarter. Erste Group Bank had a return on equity of 11.11% and a net margin of 15.21%. The company had revenue of $3.02 billion during the quarter. Research analysts expect that Erste Group Bank will post 4.27 EPS for the current fiscal year.

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.