Commerzbank (OTCMKTS:CRZBY) Sees Unusually-High Trading Volume - Time to Buy?

Shares of Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 80,461 shares traded hands during trading, an increase of 118% from the previous session's volume of 36,943 shares.The stock last traded at $32.40 and had previously closed at $31.36.

Wall Street Analysts Forecast Growth

CRZBY has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Commerzbank in a research note on Monday, May 12th. Citigroup reissued a "neutral" rating on shares of Commerzbank in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Commerzbank in a research report on Thursday, April 24th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Commerzbank in a report on Monday, May 19th.

Commerzbank Stock Performance

The firm has a market cap of $38.58 billion, a price-to-earnings ratio of 13.92 and a beta of 0.73. The stock's 50 day moving average is $28.70 and its 200 day moving average is $22.98. The company has a current ratio of 33.14, a quick ratio of 33.14 and a debt-to-equity ratio of 14.07.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The financial services provider reported $0.77 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 business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $2.96 billion. Analysts anticipate that Commerzbank AG will post 1.96 earnings per share for the current year.

Commerzbank Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Shareholders 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 positive change from Commerzbank's previous dividend of $0.26. Commerzbank's dividend payout ratio is presently 22.22%.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC boosted its stake in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 5,022.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,757 shares of the financial services provider's stock after purchasing an additional 92,907 shares during the period. GAMMA Investing LLC's holdings in Commerzbank were worth $2,160,000 at the end of the most recent quarter.

About Commerzbank

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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