Commerzbank (OTCMKTS:CRZBY) Reaches New 52-Week High - Should You 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 reached a new 52-week high during trading on Monday . The company traded as high as $41.24 and last traded at $41.24, with a volume of 3278 shares changing hands. The stock had previously closed at $40.35.

Analysts Set New Price Targets

A number of research firms have commented on CRZBY. 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 reaffirmed a "buy" rating on shares of Commerzbank in a research note on Thursday, April 24th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Commerzbank in a research note on Tuesday, August 5th.

Commerzbank Stock Down 0.4%

The firm has a market cap of $51.65 billion, a price-to-earnings ratio of 19.38 and a beta of 0.69. The company has a current ratio of 33.14, a quick ratio of 33.14 and a debt-to-equity ratio of 14.07. The firm has a 50 day moving average price of $34.82 and a 200-day moving average price of $28.44.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share 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 firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $2.97 billion. On average, equities analysts forecast that Commerzbank AG will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC grew its holdings in Commerzbank by 8.0% in the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider's stock valued at $492,000 after buying an additional 1,165 shares during the period. Rhumbline Advisers boosted its stake in shares of Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock valued at $117,000 after buying an additional 650 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Commerzbank by 124.6% during the 1st quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock valued at $95,000 after buying an additional 2,306 shares during 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.