Commerzbank (OTCMKTS:CRZBY) Shares Gap Down - Should You Sell?

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $35.35, but opened at $33.72. Commerzbank shares last traded at $33.79, with a volume of 2,965 shares changing hands.

Analysts Set New Price Targets

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

Commerzbank Price Performance

The company has a market cap of $39.22 billion, a price-to-earnings ratio of 14.15 and a beta of 0.71. 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's fifty day moving average price is $30.99 and its two-hundred day moving average price is $24.93.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. The company had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $2.96 billion. Commerzbank had a net margin of 9.99% and a return on equity of 7.28%. On average, equities research analysts forecast that Commerzbank AG will post 1.96 EPS for the current fiscal year.

Commerzbank Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were given a $0.5056 dividend. This represents a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, May 19th. This is a positive change from Commerzbank's previous dividend of $0.26. Commerzbank's payout ratio is currently 22.22%.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC lifted its holdings in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 124.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,156 shares of the financial services provider's stock after purchasing an additional 2,306 shares during the quarter. GAMMA Investing LLC's holdings in Commerzbank were worth $95,000 as of its most recent SEC filing.

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.