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

Commerzbank AG (OTCMKTS:CRZBY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $43.05, but opened at $40.94. Commerzbank shares last traded at $40.9550, with a volume of 10,788 shares trading hands.

Wall Street Analysts Forecast Growth

CRZBY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a research report on Thursday, April 16th. Zacks Research lowered shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 26th. Finally, DZ Bank raised Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Commerzbank Trading Down 1.9%

The company has a debt-to-equity ratio of 14.97, a current ratio of 15.43 and a quick ratio of 15.42. The firm has a market capitalization of $44.94 billion, a PE ratio of 17.18 and a beta of 0.47. The stock’s 50-day moving average price is $38.42 and its 200 day moving average price is $39.08.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings data on Wednesday, March 25th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Commerzbank had a return on equity of 7.38% and a net margin of 11.02%. On average, sell-side analysts expect that Commerzbank AG will post 3.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers boosted its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,140 shares of the financial services provider’s stock after acquiring an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Commerzbank Company Profile

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.