Commerzbank (OTCMKTS:CRZBY) Sets New 52-Week High – Time to Buy?

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

Analyst Ratings Changes

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

Commerzbank Stock Down 5.8%

The company has a debt-to-equity ratio of 14.07, a current ratio of 33.14 and a quick ratio of 33.14. The firm’s 50-day moving average price is $29.57 and its 200 day moving average price is $23.63. The firm has a market capitalization of $37.47 billion, a price-to-earnings ratio of 13.52 and a beta of 0.73.

Commerzbank (OTCMKTS:CRZBY) last announced its earnings results on Friday, May 9th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Commerzbank had a return on equity of 7.28% and a net margin of 9.99%. Sell-side analysts expect that Commerzbank AG will post 1.96 EPS for the current year.

Commerzbank Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were paid a dividend of $0.5056 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 1.75%. This is a positive change from Commerzbank’s previous dividend of $0.26. Commerzbank’s dividend payout ratio (DPR) is presently 22.22%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers raised its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

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.