Commerzbank (OTCMKTS:CRZBY) Sees Large Volume Increase - Still a Buy?

Key Points

• Commerzbank shares experienced a 149% increase in trading volume with approximately 93,186 shares traded, closing at $35.32 compared to the previous session's $34.76.
• Analysts have varied views on the stock, with one rating it as a Buy, four as Hold, and one as Sell, leading to a consensus rating of "Hold."
• The company reported earnings per share of $0.22 for the last quarter, significantly below the consensus estimate of $0.67, but exceeded revenue expectations with $3.49 billion.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 93,186 shares traded hands during trading, an increase of 149% from the previous session's volume of 37,436 shares.The stock last traded at $35.32 and had previously closed at $34.76.

Analyst Ratings Changes

Several equities research analysts have recently commented on CRZBY shares. Royal Bank Of Canada restated a "sector perform" rating on shares of Commerzbank in a research note on Monday, August 11th. The Goldman Sachs Group lowered shares of Commerzbank from a "hold" rating to a "sell" rating in a research report on Tuesday, August 26th. Keefe, Bruyette & Woods lowered shares of Commerzbank from a "hold" rating to a "moderate sell" rating in a report on Tuesday, September 23rd. Citigroup reissued a "neutral" rating on shares of Commerzbank in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Commerzbank from a "buy" rating to a "hold" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Commerzbank Price Performance

The stock has a 50-day simple moving average of $38.70 and a 200 day simple moving average of $33.48. The stock has a market capitalization of $41.85 billion, a P/E ratio of 15.70 and a beta of 0.59. The company has a debt-to-equity ratio of 14.69, a quick ratio of 33.14 and a current ratio of 12.40.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.45). The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $2.97 billion. Commerzbank had a net margin of 10.51% and a return on equity of 7.49%. On average, equities analysts forecast that Commerzbank AG will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Commerzbank

A number of institutional investors have recently bought and sold shares of CRZBY. GAMMA Investing LLC raised its position in shares of Commerzbank by 124.6% during the 1st quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock valued at $95,000 after acquiring an additional 2,306 shares during the last quarter. Rhumbline Advisers grew its stake in shares of 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 purchasing an additional 650 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in Commerzbank by 8.0% in the second 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.

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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