Commerzbank (OTCMKTS:CRZBY) Hits New 12-Month High – Should You Buy?

Commerzbank AG (OTCMKTS:CRZBY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.96 and last traded at $33.27, with a volume of 5982 shares trading hands. The stock had previously closed at $32.77.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRZBY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research note on Thursday, April 24th. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Commerzbank in a research report on Monday, May 12th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Commerzbank in a report on Monday, May 19th.

Commerzbank Trading Up 1.6%

The firm has a market cap of $39.45 billion, a PE ratio of 14.23 and a beta of 0.73. 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 company has a 50 day simple moving average of $29.30 and a two-hundred day simple moving average of $23.51.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings data on Friday, May 9th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $2.96 billion. Commerzbank had a net margin of 9.99% and a return on equity of 7.28%. Analysts expect 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. The ex-dividend date was Monday, May 19th. This is a boost from Commerzbank’s previous dividend of $0.26. This represents a dividend yield of 1.75%. Commerzbank’s payout ratio is 22.22%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC boosted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 124.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,156 shares of the financial services provider’s stock after buying an additional 2,306 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $95,000 at the end of the most recent 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.