Commerzbank (OTCMKTS:CRZBY) Reaches New 52-Week High - Still a Buy?

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $32.50 and last traded at $32.35, with a volume of 43548 shares trading hands. The stock had previously closed at $32.05.

Wall Street Analyst Weigh In

CRZBY has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Commerzbank in a report on Monday, May 12th. Morgan Stanley restated an "overweight" rating on shares of Commerzbank in a research note on Monday, May 19th. Citigroup reiterated a "neutral" rating on shares of Commerzbank in a research note on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Commerzbank in a report on Thursday, April 24th.

Commerzbank Price Performance

The firm's 50 day simple moving average is $27.65 and its 200-day simple moving average is $22.32. The company has a market cap of $37.64 billion, a price-to-earnings ratio of 16.63 and a beta of 0.73.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last announced its earnings results on Friday, May 9th. The financial services provider reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. Commerzbank had a net margin of 8.55% and a return on equity of 6.33%. The business had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $2.96 billion. On average, analysts forecast that Commerzbank AG 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. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.5056 per share. This represents a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, May 19th. This is a boost from Commerzbank's previous dividend of $0.26. Commerzbank's dividend payout ratio is 26.70%.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC boosted its position in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 124.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,156 shares of the financial services provider's stock after purchasing an additional 2,306 shares during the period. GAMMA Investing LLC's holdings in Commerzbank were worth $95,000 as of its most recent filing with the Securities & Exchange Commission.

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.