Commerzbank (OTCMKTS:CRZBY) Sees Strong Trading Volume – Time to Buy?

Commerzbank AG (OTCMKTS:CRZBY) shares saw an uptick in trading volume on Monday . Approximately 575,336 shares were traded during mid-day trading, an increase of 1,061% from the previous session’s volume of 49,550 shares.The stock last traded at $43.77 and had previously closed at $43.85.

Wall Street Analysts Forecast Growth

Several research firms have commented on CRZBY. Keefe, Bruyette & Woods raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a report on Monday, May 18th. Barclays upgraded shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Commerzbank Stock Performance

The firm has a market cap of $47.75 billion, a price-to-earnings ratio of 17.21 and a beta of 0.51. The company has a quick ratio of 12.24, a current ratio of 12.24 and a debt-to-equity ratio of 1.62. The stock has a fifty day moving average price of $42.08 and a 200-day moving average price of $40.59.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.11. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.83 billion. On average, analysts expect that Commerzbank AG will post 3.53 earnings per share for the current fiscal year.

Institutional Trading of Commerzbank

An institutional investor recently raised its stake in Commerzbank stock. Rhumbline Advisers increased its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

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.