Erste Group Bank (OTCMKTS:EBKDY) Reaches New 52-Week High - Still a Buy?

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $31.49 and last traded at $30.73, with a volume of 29824 shares changing hands. The stock had previously closed at $31.00.

Wall Street Analysts Forecast Growth

EBKDY has been the subject of several recent research reports. The Goldman Sachs Group raised Erste Group Bank from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Keefe, Bruyette & Woods raised shares of Erste Group Bank from a "moderate sell" rating to a "hold" rating in a report on Friday, November 22nd.

Erste Group Bank Stock Performance

The firm has a market capitalization of $25.87 billion, a P/E ratio of 7.61, a PEG ratio of 0.89 and a beta of 1.29. The firm's 50-day moving average is $28.67 and its 200 day moving average is $26.88.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.18 earnings per share for the quarter. Erste Group Bank had a net margin of 15.21% and a return on equity of 11.11%. The company had revenue of $3.02 billion during the quarter. As a group, research analysts expect that Erste Group Bank AG 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.