Commerzbank AG (OTCMKTS:CRZBY – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 27,140 shares, a decline of 56.0% from the April 30th total of 61,745 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 55,164 shares, the days-to-cover ratio is presently 0.5 days.
Commerzbank Stock Performance
Shares of CRZBY stock opened at $42.99 on Friday. 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 stock has a market cap of $47.14 billion, a PE ratio of 16.99 and a beta of 0.50. The stock has a 50-day moving average of $40.25 and a 200-day moving average of $40.13. Commerzbank has a one year low of $30.00 and a one year high of $44.85.
Commerzbank (OTCMKTS:CRZBY – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.11. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a return on equity of 7.74% and a net margin of 11.55%. As a group, sell-side analysts expect that Commerzbank will post 3.53 earnings per share for the current year.
Institutional Trading of Commerzbank
Analyst Ratings Changes
Several analysts have weighed in on CRZBY shares. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a report on Tuesday, May 12th. Zacks Research cut Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Keefe, Bruyette & Woods raised Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a report on Tuesday, May 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Commerzbank in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.
Read Our Latest Report on CRZBY
About Commerzbank
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.
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