Commerzbank (OTCMKTS:CRZBY) Sets New 52-Week High - Here's What Happened

Key Points

• Commerzbank AG's stock reached a new 52-week high of $35.70 during trading, indicating strong market performance.
• The company reported a quarterly EPS of $0.77, surpassing analyst expectations, along with revenue of $3.52 billion.
• Commerzbank recently increased its dividend to $0.5056 per share, reflecting a positive shift in its financial strategy.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $35.70 and last traded at $35.67, with a volume of 1405 shares. The stock had previously closed at $34.85.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CRZBY shares. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Commerzbank in a report on Wednesday, July 16th. Morgan Stanley reaffirmed an "overweight" rating on shares of Commerzbank in a report on Monday, May 19th. Citigroup reaffirmed a "neutral" rating on shares of Commerzbank in a report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Commerzbank in a report on Thursday, April 24th.

Commerzbank Stock Performance

The stock's 50-day moving average price is $32.68 and its 200-day moving average price is $26.78. The company has a debt-to-equity ratio of 14.07, a quick ratio of 33.14 and a current ratio of 33.14. The company has a market capitalization of $43.48 billion, a price-to-earnings ratio of 15.69 and a beta of 0.71.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last posted its quarterly 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 the consensus estimate of $2.96 billion. As a group, equities research analysts expect that Commerzbank AG will post 1.96 earnings per share for the current year.

Commerzbank Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were given a dividend of $0.5056 per share. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 175.0%. This is an increase from Commerzbank's previous dividend of $0.26. Commerzbank's payout ratio is presently 22.22%.

Institutional Trading of Commerzbank

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Commerzbank by 5,022.0% in the 1st quarter. GAMMA Investing LLC now owns 94,757 shares of the financial services provider's stock worth $2,160,000 after acquiring an additional 92,907 shares during the period. Yousif Capital Management LLC grew its stake in shares of Commerzbank by 8.0% during the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider's stock valued at $492,000 after buying an additional 1,165 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock valued at $117,000 after buying an additional 650 shares during the period.

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.