Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 11,300 shares, a decrease of 13.1% from the March 15th total of 13,000 shares. Based on an average trading volume of 30,600 shares, the days-to-cover ratio is currently 0.4 days.
Commerzbank Stock Performance
Commerzbank stock traded down $0.28 during mid-day trading on Friday, reaching $13.72. The stock had a trading volume of 16,712 shares, compared to its average volume of 14,467. Commerzbank has a fifty-two week low of $9.72 and a fifty-two week high of $14.70. The stock's 50-day simple moving average is $12.62 and its 200-day simple moving average is $11.96. The firm has a market capitalization of $17.02 billion, a PE ratio of 7.80 and a beta of 1.13.
Commerzbank (OTCMKTS:CRZBY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 19th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter. Commerzbank had a net margin of 11.25% and a return on equity of 6.57%. The firm had revenue of $2.29 billion during the quarter. On average, research analysts forecast that Commerzbank will post 2.09 earnings per share for the current fiscal year.
Commerzbank Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Friday, May 3rd will be issued a $0.2575 dividend. The ex-dividend date is Thursday, May 2nd. This is an increase from Commerzbank's previous dividend of $0.14. Commerzbank's dividend payout ratio is currently 7.95%.
Commerzbank Company Profile
(
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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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