Commerzbank (OTCMKTS:CRZBY) Issues Quarterly Earnings Results

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) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.45), Zacks reports. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $2.97 billion. Commerzbank had a return on equity of 7.57% and a net margin of 10.51%.

Commerzbank Stock Performance

CRZBY traded up $1.06 during trading on Tuesday, hitting $42.56. The stock had a trading volume of 154,934 shares, compared to its average volume of 37,126. The company has a 50 day moving average price of $33.86 and a 200-day moving average price of $27.89. The firm has a market cap of $50.41 billion, a price-to-earnings ratio of 18.91 and a beta of 0.69. The company has a debt-to-equity ratio of 14.07, a current ratio of 33.14 and a quick ratio of 33.14. Commerzbank has a one year low of $13.43 and a one year high of $42.67.

Commerzbank Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were issued a dividend of $0.5056 per share. This represents a dividend yield of 175.0%. 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 payout ratio is presently 23.11%.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its stake in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,140 shares of the financial services provider's stock after buying an additional 650 shares during the period. Rhumbline Advisers' holdings in Commerzbank were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRZBY. Morgan Stanley restated an "overweight" rating on shares of Commerzbank in a report on Monday, May 19th. Royal Bank Of Canada restated a "sector perform" rating on shares of Commerzbank in a report on Monday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Commerzbank in a report on Thursday, April 24th. Finally, Citigroup reiterated a "neutral" rating on shares of Commerzbank in a report on Tuesday, August 5th.

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.