Commerzbank (OTCMKTS:CRZBY) Sets New 12-Month High - Here's What Happened

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $35.36 and last traded at $35.22, with a volume of 17524 shares. The stock had previously closed at $34.04.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CRZBY shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Commerzbank in a report on Thursday, April 24th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Commerzbank in a report on Wednesday, July 16th. Citigroup reiterated a "neutral" rating on shares of Commerzbank in a report on Thursday, May 22nd. Finally, Morgan Stanley restated an "overweight" rating on shares of Commerzbank in a research note on Monday, May 19th.

Commerzbank Stock Down 0.1%

The company has a quick ratio of 33.14, a current ratio of 33.14 and a debt-to-equity ratio of 14.07. The firm has a market cap of $42.03 billion, a price-to-earnings ratio of 15.16 and a beta of 0.71. The stock's 50 day moving average is $32.08 and its 200 day moving average is $26.14.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last issued its earnings results on Friday, May 9th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. Commerzbank had a net margin of 9.99% and a return on equity of 7.28%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $2.96 billion. Analysts forecast that Commerzbank AG will post 1.96 EPS for the current year.

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 paid a $0.5056 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 1.75%. This is a boost from Commerzbank's previous dividend of $0.26. Commerzbank's payout ratio is presently 21.79%.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC lifted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 124.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,156 shares of the financial services provider's stock after acquiring an additional 2,306 shares during the period. GAMMA Investing LLC's holdings in Commerzbank were worth $95,000 at the end of the most recent 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.