Commerzbank (OTCMKTS:CRZBY) Reaches New 1-Year High - What's Next?

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $34.84 and last traded at $34.67, with a volume of 5592 shares. The stock had previously closed at $33.48.

Wall Street Analyst Weigh In

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

Commerzbank Price Performance

The company's 50-day simple moving average is $31.12 and its 200-day simple moving average is $25.05. The stock has a market capitalization of $39.24 billion, a price-to-earnings ratio of 14.15 and a beta of 0.71. 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 announced its quarterly earnings data on Friday, May 9th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.96 billion. Research analysts forecast that Commerzbank AG will post 1.96 earnings per share for the current fiscal year.

Commerzbank Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.5056 per share. The ex-dividend date of this dividend was Monday, May 19th. This is an increase from Commerzbank's previous dividend of $0.26. This represents a dividend yield of 1.75%. Commerzbank's dividend payout ratio is 22.22%.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,140 shares of the financial services provider's stock after acquiring an additional 650 shares during the period. Rhumbline Advisers' holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.

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.