Commerzbank (OTCMKTS:CRZBY) Sees Large Volume Increase - Should You Buy?

Key Points

• Commerzbank AG experienced a 286% increase in trading volume, with 139,744 shares traded, raising the stock price to $42.46.
• Analysts have given mixed ratings on Commerzbank, with Deutsche Bank and Morgan Stanley recommending a "buy" and "overweight" rating, while Citigroup and Royal Bank of Canada have issued a "neutral" and "sector perform" rating, respectively.
• The company has increased its dividend to $0.5056, yielding 175.0%, which reflects a strong commitment to returning value to shareholders despite missing earnings expectations.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 139,744 shares were traded during trading, an increase of 286% from the previous session's volume of 36,160 shares.The stock last traded at $42.46 and had previously closed at $41.50.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Commerzbank in a research report on Thursday, April 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of Commerzbank in a report on Monday, May 19th. Citigroup reissued a "neutral" rating on shares of Commerzbank in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Commerzbank in a research report on Monday.

Commerzbank Price Performance

The stock has a market capitalization of $50.48 billion, a price-to-earnings ratio of 18.94 and a beta of 0.69. 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 fifty day simple moving average of $33.86 and a two-hundred day simple moving average of $27.89.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.45). Commerzbank had a return on equity of 7.57% and a net margin of 10.51%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $2.97 billion. As a group, equities research analysts expect that Commerzbank AG will post 1.96 earnings per share for the current fiscal year.

Commerzbank Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders 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 dividend yield of 175.0%. This is an increase from Commerzbank's previous dividend of $0.26. Commerzbank's payout ratio is currently 23.11%.

Hedge Funds Weigh In On Commerzbank

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Commerzbank by 5,022.0% in the first quarter. GAMMA Investing LLC now owns 94,757 shares of the financial services provider's stock valued at $2,160,000 after buying an additional 92,907 shares during the period. Yousif Capital Management LLC boosted its stake in 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 purchasing an additional 1,165 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Commerzbank by 14.5% during the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock worth $117,000 after buying an additional 650 shares in the last 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.

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