Commerzbank (OTCMKTS:CRZBY) Sets New 1-Year High – What’s Next?

Commerzbank AG (OTCMKTS:CRZBY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $44.88 and last traded at $44.45, with a volume of 2450 shares. The stock had previously closed at $43.94.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. Zacks Research cut shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Royal Bank Of Canada raised Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Finally, Citigroup reiterated a “neutral” rating on shares of Commerzbank in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Commerzbank Stock Down 1.3%

The firm has a market capitalization of $48.09 billion, a P/E ratio of 17.34 and a beta of 0.53. 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 has a 50 day moving average of $42.75 and a 200-day moving average of $40.86.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.11. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.83 billion. Research analysts predict that Commerzbank AG will post 3.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC boosted its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 18.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,877 shares of the financial services provider’s stock after buying an additional 933 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $248,000 as of its most recent SEC filing.

Commerzbank Company Profile

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.