Commerzbank AG (OTCMKTS:CRZBY - Get Free Report)'s stock price 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.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Citigroup reiterated a "neutral" rating on shares of Commerzbank in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Commerzbank in a research report on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating on shares of Commerzbank in a research report on Monday, May 19th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Commerzbank in a research report on Monday, May 12th.
Get Our Latest Stock Analysis on Commerzbank
Commerzbank Trading Down 1.7%
The company has a debt-to-equity ratio of 14.07, a quick ratio of 33.14 and a current ratio of 33.14. The stock's 50-day simple moving average is $31.12 and its 200-day simple moving average is $25.18. The firm has a market capitalization of $39.24 billion, a PE ratio of 14.15 and a beta of 0.71.
Commerzbank (OTCMKTS:CRZBY - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $2.96 billion. Commerzbank had a net margin of 9.99% and a return on equity of 7.28%. As a group, sell-side analysts expect that Commerzbank AG will post 1.96 EPS for the current fiscal year.
Commerzbank Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were given a $0.5056 dividend. The ex-dividend date was Monday, May 19th. This is an increase from Commerzbank's previous dividend of $0.26. This represents a dividend yield of 1.75%. Commerzbank's dividend payout ratio is currently 22.22%.
Institutional Trading of 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 5,022.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,757 shares of the financial services provider's stock after buying an additional 92,907 shares during the quarter. GAMMA Investing LLC's holdings in Commerzbank were worth $2,160,000 as of its most recent SEC filing.
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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