Commerzbank AG (OTCMKTS:CRZBY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $33.45 and last traded at $32.96, with a volume of 17278 shares traded. The stock had previously closed at $32.34.
Analyst Ratings Changes
Several research firms recently commented on CRZBY. Royal Bank Of Canada reissued a "sector perform" rating on shares of Commerzbank in a research note on Monday, May 12th. 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 report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Commerzbank in a research note on Thursday, April 24th.
Get Our Latest Stock Analysis on Commerzbank
Commerzbank Trading Up 3.4%
The company has a market cap of $38.42 billion, a PE ratio of 13.86 and a beta of 0.73. The company's 50 day simple moving average is $28.83 and its two-hundred day simple moving average is $23.04. 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 (OTCMKTS:CRZBY - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. Commerzbank had a return on equity of 7.28% and a net margin of 9.99%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $2.96 billion. As a group, sell-side analysts anticipate that Commerzbank AG will post 1.96 EPS for the current fiscal year.
Commerzbank Increases Dividend
The firm also recently declared 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 1.75%. 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 dividend payout ratio is currently 22.22%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC raised its holdings in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 5,022.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,757 shares of the financial services provider's stock after buying an additional 92,907 shares during the period. GAMMA Investing LLC's holdings in Commerzbank were worth $2,160,000 as of its most recent SEC filing.
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.
Further Reading
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