Commerzbank (OTCMKTS:CRZBY) Announces Quarterly Earnings Results

Commerzbank (OTCMKTS:CRZBY) released its quarterly earnings results on Thursday. The financial services provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09), Zacks reports. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.72 billion. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.

Commerzbank Stock Performance

CRZBY stock remained flat at $44.33 during midday trading on Friday. 9,387 shares of the company’s stock were exchanged, compared to its average volume of 26,635. The company’s 50-day moving average price is $42.99 and its 200 day moving average price is $41.01. The stock has a market capitalization of $48.61 billion, a P/E ratio of 17.52 and a beta of 0.55. Commerzbank has a 12 month low of $33.63 and a 12 month high of $45.93. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRZBY. Zacks Research downgraded Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Royal Bank Of Canada upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a research report on Tuesday, May 12th. Finally, Commerzbank raised shares of Commerzbank from an “overweight” rating to a “buy” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Institutional Trading of Commerzbank

A hedge fund recently raised its position in Commerzbank stock. Rhumbline Advisers grew its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 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.