Commerzbank (OTCMKTS:CRZBY) Reaches New 12-Month High - Time to Buy?

Key Points

• Commerzbank's shares reached a new 52-week high of $38.66 during trading, up from a previous close of $36.73.
• The bank recently raised its dividend to $0.5056 per share, significantly increasing its yield to 175.0%.
• In its latest earnings report, Commerzbank beat consensus estimates with a revenue of $3.52 billion and earnings per share of $0.77.

Shares of Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $38.66 and last traded at $38.62, with a volume of 33228 shares changing hands. The stock had previously closed at $36.73.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CRZBY shares. Citigroup restated a "neutral" rating on shares of Commerzbank in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Commerzbank in a report on Thursday, April 24th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Commerzbank in a research note on Wednesday, July 16th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Commerzbank in a report on Monday, May 19th.

Commerzbank Price Performance

The stock has a market cap of $45.85 billion, a P/E ratio of 17.20 and a beta of 0.69. The company has a 50 day simple moving average of $33.44 and a 200 day simple moving average of $27.46. The company has a current ratio of 33.14, a quick ratio of 33.14 and a debt-to-equity ratio of 14.07.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.01. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $2.96 billion. Commerzbank had a net margin of 10.51% and a return on equity of 7.57%. Sell-side analysts forecast that Commerzbank AG will post 1.96 earnings per share for the current fiscal year.

Commerzbank Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.5056 per share. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 175.0%. This is an increase from Commerzbank's previous dividend of $0.26. Commerzbank's dividend payout ratio is presently 22.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRZBY. GAMMA Investing LLC raised its holdings in Commerzbank by 124.6% in the 1st 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. Rhumbline Advisers raised its stake in Commerzbank by 14.5% in the first 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. Finally, Yousif Capital Management LLC raised its stake in Commerzbank by 8.0% in the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider's stock valued at $492,000 after purchasing an additional 1,165 shares in the last quarter.

Commerzbank Company Profile

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.