Commerzbank (OTCMKTS:CRZBY) Issues Earnings Results, Misses Expectations By $0.22 EPS

Commerzbank (OTCMKTS:CRZBY) released its earnings results on Thursday. The financial services provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.22), Zacks reports. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.

Commerzbank Price Performance

Shares of OTCMKTS CRZBY traded down $1.22 during midday trading on Thursday, reaching $44.33. 9,387 shares of the company traded hands, compared to its average volume of 45,717. Commerzbank has a 12 month low of $33.63 and a 12 month high of $45.93. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 12.24. The stock’s 50-day simple moving average is $42.99 and its 200-day simple moving average is $41.01. The firm has a market cap of $48.61 billion, a PE ratio of 17.52 and a beta of 0.55.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers boosted its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays raised Commerzbank from an “equal weight” rating to an “overweight” rating in a report on Monday, April 20th. Zacks Research cut Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. DZ Bank upgraded shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Commerzbank

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.