Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $33.58, but opened at $32.09. Commerzbank shares last traded at $31.72, with a volume of 2,512 shares.
Wall Street Analysts Forecast Growth
CRZBY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Commerzbank in a report on Thursday, April 24th. Citigroup restated a "neutral" rating on shares of Commerzbank in a research note on Thursday, May 22nd. Morgan Stanley reiterated 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.
Check Out Our Latest Analysis on Commerzbank
Commerzbank Price Performance
The firm has a market cap of $37.47 billion, a PE ratio of 13.52 and a beta of 0.73. The firm's fifty day simple moving average is $29.45 and its two-hundred day simple moving average is $23.58. 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 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 firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $2.96 billion. As a group, research analysts expect that Commerzbank AG will post 1.96 EPS for the current year.
Commerzbank Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were paid a dividend of $0.5056 per share. This represents a yield of 1.75%. The ex-dividend date was Monday, May 19th. This is an increase from Commerzbank's previous dividend of $0.26. Commerzbank's dividend payout ratio (DPR) is 22.22%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC increased its stake in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 124.6% in the first quarter, according to the company in its most recent Form 13F 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
(
Get Free Report)
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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