Bawag stock: Deutsche Bank raises target from EUR 191 to EUR 193

Published on 10/23/2026 at 15:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter profit rose 13.00 percent to EUR 247.50 million. Bawag stock costs EUR 151.35 on October 23, 2026, down 1.66 percent vs. Xetra close.

Analyst target and earnings

Deutsche Bank Research raised its BAWAG target from EUR 191.00 to EUR 193.00 on October 20, 2026.
Third-quarter net profit reached EUR 247.50 million, up 13.00 percent year over year.
Bawag stock costs EUR 151.35 at Lang & Schwarz on October 23, 2026 at 5:39 p.m. CEST, 1.66 percent below the Xetra close of October 22, 2026.

Bawag, AT0000BAWAG2, Illustration mit AI erstellt.

Deutsche Bank Research raised its BAWAG price target from EUR 191.00 to EUR 193.00 and maintained its Buy rating on October 20, 2026, according to Goldesel. The target stood 27.52 percent above the Lang & Schwarz price of EUR 151.35 on October 23, 2026 at 3:39 p.m. CEST, while the stock was 1.66 percent below the Xetra close of EUR 153.90 from October 22, 2026.

Third-quarter profit supports the case

BAWAG reported third-quarter 2026 net profit of EUR 247.50 million, up 13.00 percent year over year, while core revenues rose 8.00 percent to EUR 599.10 million. The figures came from the bank's October 19, 2026 release carried by TradingView. Return on tangible common equity was 26.90 percent, and the cost-income ratio was 29.80 percent in the quarter.

The bank also reported EUR 735.00 million of net profit for the first nine months of 2026, up 17.00 percent year over year, and reaffirmed its 2026 net profit target above EUR 960.00 million. The target remains separate from the planned Permanent TSB acquisition, which still requires court and regulatory approvals.

Stock sits below its yearly high

The Lang & Schwarz price of EUR 151.35 on October 23, 2026 at 3:39 p.m. CEST was within the EUR 106.70 to EUR 184.60 52-week range. It stood 18.02 percent below the high and above the low by 41.76 percent. The same market snapshot showed a day range of EUR 150.00 to EUR 156.30 and volume of 59,323 shares.

BAWAG's market capitalization was EUR 11.6 billion and its price-to-earnings ratio was 11.95 as of October 23, 2026. The valuation frame puts the Deutsche Bank target 27.52 percent above the euro price, leaving the analyst view focused on further earnings delivery rather than a new corporate announcement.

What matters for the valuation

The earnings profile combines a 26.90 percent third-quarter return on tangible common equity with a 29.80 percent cost-income ratio. BAWAG also reported a 17.10 percent CET1 ratio after the third-quarter dividend accrual, with more than EUR 1.0 billion of excess capital above its 12.50 percent target, according to TradingView.

For investors, the central comparison is between the EUR 193.00 target and the EUR 151.35 market price, alongside the bank's confirmed 2026 profit target. Management said its mid-term targets would be updated with the year-end results, while the PTSB transaction remains subject to approvals.

Price and earnings remain the markers

The stock's 18.02 percent distance from its 52-week high contrasts with the 27.52 percent gap to Deutsche Bank Research's target. The combination leaves the analyst target, quarterly profitability and acquisition approvals as separate valuation markers.

The further course of trading is shown by the continuously updated real-time quote of Bawag stock.