Commerzbank AG (OTCMKTS:CRZBY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have given Commerzbank AG a consensus recommendation of "Moderate Buy", with two analysts rating it as a hold and two as a buy.
• Commerzbank recently reported quarterly earnings of $0.77 EPS, exceeding estimates and showcasing a revenue of $3.52 billion for that quarter.
• The company announced a new dividend of $0.5056, significantly higher than its previous dividend of $0.26, reflecting a 175.0% yield.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the four analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

CRZBY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Commerzbank in a report on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating on shares of Commerzbank in a report on Monday, May 19th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Commerzbank in a report on Wednesday, July 16th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Commerzbank in a report on Tuesday, August 5th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 650 shares in the last quarter. Yousif Capital Management LLC raised its position in Commerzbank by 8.0% during the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider's stock valued at $492,000 after acquiring an additional 1,165 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Commerzbank by 124.6% during the first quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock valued at $95,000 after acquiring an additional 2,306 shares in the last quarter.

Commerzbank Stock Performance

Commerzbank stock traded up $1.27 during midday trading on Thursday, hitting $41.62. 20,389 shares of the company's stock were exchanged, compared to its average volume of 36,277. Commerzbank has a 12-month low of $13.43 and a 12-month high of $41.70. The company has a debt-to-equity ratio of 14.07, a quick ratio of 33.14 and a current ratio of 33.14. The stock has a market cap of $49.31 billion, a price-to-earnings ratio of 18.50 and a beta of 0.69. The firm's 50 day simple moving average is $33.64 and its 200 day simple moving average is $27.74.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.45). Commerzbank had a return on equity of 7.57% and a net margin of 10.51%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $2.97 billion. Equities research analysts predict that Commerzbank will post 1.96 EPS for the current year.

Commerzbank Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were given a dividend of $0.5056 per share. This represents a yield of 175.0%. This is a positive change from Commerzbank's previous dividend of $0.26. The ex-dividend date of this dividend was Monday, May 19th. Commerzbank's dividend payout ratio (DPR) is currently 23.11%.

About Commerzbank

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.