Commerzbank (OTCMKTS:CRZBY) Sets New 52-Week High - Still a Buy?

Key Points

• Commerzbank's share price reached a new **52-week high** of **$41.24** during trading, indicating a significant increase from its previous closing price of **$40.35**.
• Analysts from firms such as **Morgan Stanley** and **Deutsche Bank** maintain positive outlooks, reiterating ratings such as "overweight" and "buy".
• The company recently increased its **dividend** to **$0.5056**, up from **$0.26**, representing a **dividend yield of 175.0%**.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $41.24 and last traded at $41.24, with a volume of 3278 shares. The stock had previously closed at $40.35.

Wall Street Analyst Weigh In

A number of analysts recently commented on CRZBY shares. Royal Bank Of Canada reissued a "sector perform" rating on shares of Commerzbank in a report on Monday. Morgan Stanley reissued an "overweight" rating on shares of Commerzbank in a report on Monday, May 19th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Commerzbank in a report on Thursday, April 24th. Finally, Citigroup reissued a "neutral" rating on shares of Commerzbank in a report on Tuesday, August 5th.

Commerzbank Trading Up 0.5%

The stock has a market cap of $50.77 billion, a PE ratio of 19.05 and a beta of 0.69. The business's fifty day moving average is $34.10 and its 200 day moving average is $28.00. The company has a quick ratio of 33.14, a current 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 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). Commerzbank had a net margin of 10.51% and a return on equity of 7.57%. The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $2.97 billion. As a group, analysts predict that Commerzbank AG will post 1.96 earnings per share for the current year.

Commerzbank Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were issued a $0.5056 dividend. This represents a dividend yield of 175.0%. This is a boost from Commerzbank's previous dividend of $0.26. The ex-dividend date of this dividend was Monday, May 19th. Commerzbank's payout ratio is currently 23.11%.

Institutional Trading of Commerzbank

Several institutional investors and hedge funds have recently modified their holdings of CRZBY. GAMMA Investing LLC lifted its holdings in shares of Commerzbank by 124.6% in the first quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 2,306 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Commerzbank by 14.5% in the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of 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 in 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.