Commerzbank (OTCMKTS:CRZBY – Get Free Report) announced its earnings results on Thursday. The financial services provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.22), Zacks reports. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.
Commerzbank Stock Down 2.7%
Shares of Commerzbank stock traded down $1.22 during midday trading on Thursday, reaching $44.33. 9,387 shares of the company’s stock traded hands, compared to its average volume of 45,717. The company’s 50 day simple moving average is $42.99 and its 200 day simple moving average is $41.01. Commerzbank has a 52 week low of $33.63 and a 52 week high of $45.93. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 12.24. The company has a market cap of $48.61 billion, a price-to-earnings ratio of 17.52 and a beta of 0.55.
Institutional Investors Weigh In On Commerzbank
An institutional investor recently raised its stake in Commerzbank stock. Rhumbline Advisers boosted its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY – Free Report) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent quarter.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis 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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