Commerzbank (OTCMKTS:CRZBY) Releases Quarterly Earnings Results, Misses Expectations By $0.45 EPS

Key Points

• Commerzbank reported quarterly earnings of $0.22 EPS, missing analyst estimates of $0.67 EPS by $0.45.
• The firm declared a $0.5056 dividend, a significant increase from the previous $0.26, resulting in a dividend yield of 175.0%.
• Commerzbank's stock rose by 4.8% following the earnings report, with a current market cap of $45.85 billion.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.45), Zacks reports. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $2.97 billion. Commerzbank had a return on equity of 7.57% and a net margin of 10.51%.

Commerzbank Price Performance

Shares of OTCMKTS:CRZBY traded up $1.65 during trading on Friday, reaching $40.35. 25,933 shares of the company traded hands, compared to its average volume of 29,800. The company's 50 day moving average is $33.64 and its two-hundred day moving average is $27.68. The firm has a market capitalization of $47.80 billion, a PE ratio of 17.93 and a beta of 0.69. The company has a quick ratio of 33.14, a current ratio of 33.14 and a debt-to-equity ratio of 14.07. Commerzbank has a 52 week low of $13.28 and a 52 week high of $40.35.

Commerzbank Increases Dividend

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

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers grew its stake in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 14.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 5,140 shares of the financial services provider's stock after acquiring an additional 650 shares during the quarter. Rhumbline Advisers' holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

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

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.