Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $30.95 and last traded at $30.74, with a volume of 111436 shares. The stock had previously closed at $30.67.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on CRZBY. Morgan Stanley reissued an "overweight" rating on shares of Commerzbank in a research report on Monday, May 19th. Citigroup reaffirmed a "neutral" rating on shares of Commerzbank in a report on Thursday, May 22nd. Royal Bank of Canada reiterated a "sector perform" rating on shares of Commerzbank in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Commerzbank in a research note on Thursday, April 24th.
View Our Latest Stock Report on CRZBY
Commerzbank Stock Performance
The company has a market capitalization of $37.63 billion, a PE ratio of 16.63 and a beta of 0.68. The firm's 50-day simple moving average is $27.33 and its 200 day simple moving average is $22.02.
Commerzbank (OTCMKTS:CRZBY - Get Free Report) last released 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. Commerzbank had a net margin of 8.55% and a return on equity of 6.33%. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $2.96 billion. As a group, equities analysts anticipate that Commerzbank AG will post 1.96 earnings per share for the current year.
Commerzbank Increases Dividend
The company also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were issued a $0.5056 dividend. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 1.75%. This is a boost from Commerzbank's previous dividend of $0.26. Commerzbank's dividend payout ratio is currently 26.70%.
Hedge Funds Weigh In On Commerzbank
An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers grew its position in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,140 shares of the financial services provider's stock after buying an additional 650 shares during the quarter. Rhumbline Advisers' holdings in Commerzbank were worth $117,000 at the end of the most recent quarter.
About Commerzbank
(
Get Free Report)
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.
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