Commerzbank (OTCMKTS:CRZBY) Announces Quarterly Earnings Results

Commerzbank (OTCMKTS:CRZBY) released its earnings results on Friday. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.87 by $0.11, Zacks reports. Commerzbank had a return on equity of 7.38% and a net margin of 11.02%.The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.83 billion.

Commerzbank Stock Performance

Shares of CRZBY traded down $0.35 during mid-day trading on Friday, reaching $42.08. The company’s stock had a trading volume of 39,380 shares, compared to its average volume of 49,214. Commerzbank has a 1-year low of $28.00 and a 1-year high of $44.85. The stock has a market cap of $46.14 billion, a P/E ratio of 16.63 and a beta of 0.50. The business has a 50-day simple moving average of $38.70 and a two-hundred day simple moving average of $39.43. The company has a current ratio of 15.43, a quick ratio of 15.42 and a debt-to-equity ratio of 14.97.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Zacks Research downgraded Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Royal Bank Of Canada upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research note on Thursday, April 16th. Barclays upgraded Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. Finally, DZ Bank upgraded Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,876 shares of the financial services provider’s stock after buying an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 at the end of the most recent quarter.

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.