Commerzbank (OTCMKTS:CRZBY) Shares Gap Down – Here’s Why

Shares of Commerzbank AG (OTCMKTS:CRZBY) gapped down prior to trading on Tuesday . The stock had previously closed at $38.86, but opened at $36.08. Commerzbank shares last traded at $36.16, with a volume of 2,567 shares trading hands.

Analyst Ratings Changes

CRZBY has been the subject of a number of analyst reports. The Goldman Sachs Group downgraded Commerzbank from a “hold” rating to a “sell” rating in a research note on Tuesday, August 26th. Citigroup reissued a “neutral” rating on shares of Commerzbank in a report on Tuesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Commerzbank in a report on Monday, August 11th. Keefe, Bruyette & Woods lowered Commerzbank from a “hold” rating to a “moderate sell” rating in a report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. lowered shares of Commerzbank from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Commerzbank Stock Down 3.6%

The firm has a 50-day moving average price of $37.12 and a two-hundred day moving average price of $35.22. The company has a debt-to-equity ratio of 14.69, a quick ratio of 33.14 and a current ratio of 12.40. The firm has a market cap of $43.00 billion, a price-to-earnings ratio of 16.13 and a beta of 0.57.

Commerzbank (OTCMKTS:CRZBY) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Commerzbank had a return on equity of 7.49% and a net margin of 10.51%.The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.46 billion. On average, sell-side analysts forecast that Commerzbank AG will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On Commerzbank

A number of large investors have recently added to or reduced their stakes in the business. Yousif Capital Management LLC increased its holdings in Commerzbank by 8.0% in the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 1,165 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Commerzbank by 22.3% during the 3rd quarter. Rhumbline Advisers now owns 6,876 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 1,252 shares during the period. Finally, GAMMA Investing LLC increased its stake in Commerzbank by 18.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 741 shares in the last quarter.

About Commerzbank

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.