Commerzbank (OTCMKTS:CRZBY) Sets New 12-Month High - Time to Buy?

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

Analyst Ratings Changes

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

Commerzbank Price Performance

The business's 50-day moving average price is $30.52 and its 200 day moving average price is $24.66. The company has a quick ratio of 33.14, a current ratio of 33.14 and a debt-to-equity ratio of 14.07. The company has a market capitalization of $41.87 billion, a P/E ratio of 15.10 and a beta of 0.71.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $2.96 billion. Analysts anticipate that Commerzbank AG will post 1.96 EPS for the current fiscal year.

Commerzbank Increases Dividend

The business 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. The ex-dividend date was Monday, May 19th. This is a positive change from Commerzbank's previous dividend of $0.26. This represents a yield of 1.75%. Commerzbank's payout ratio is presently 22.22%.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC lifted its holdings in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 124.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,156 shares of the financial services provider's stock after acquiring an additional 2,306 shares during the quarter. GAMMA Investing LLC's holdings in Commerzbank were worth $95,000 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.