Commerzbank (OTCMKTS:CRZBY) Sets New 12-Month High - Still a Buy?

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $30.88 and last traded at $30.69, with a volume of 9220 shares changing hands. The stock had previously closed at $29.40.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup restated a "neutral" rating on shares of Commerzbank in a research report on Thursday, May 22nd. Morgan Stanley restated an "overweight" rating on shares of Commerzbank in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Commerzbank in a research note on Thursday, April 24th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Commerzbank in a research note on Monday, May 12th.

Commerzbank Trading Up 4.4%

The company has a market capitalization of $36.36 billion, a PE ratio of 16.07 and a beta of 0.68. The company's 50 day moving average price is $26.35 and its 200-day moving average price is $21.32.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $2.96 billion. Commerzbank had a net margin of 8.55% and a return on equity of 6.33%. As a group, analysts predict that Commerzbank AG will post 1.96 earnings per share for the current year.

Commerzbank Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.5056 per share. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 1.75%. This is a positive change from Commerzbank's previous dividend of $0.26. Commerzbank's dividend payout ratio (DPR) is currently 26.18%.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers increased its stake in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 14.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,140 shares of the financial services provider's stock after buying an additional 650 shares during the period. Rhumbline Advisers' holdings in Commerzbank were worth $117,000 at the end of the most recent reporting period.

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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