Commerzbank AG (OTCMKTS:CRZBY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Commerzbank AG (OTCMKTS:CRZBY) have received a consensus recommendation of “Moderate Buy” from the four brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several equities analysts have recently weighed in on CRZBY shares. Citigroup restated a “neutral” rating on shares of Commerzbank in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a report on Thursday, April 24th. Morgan Stanley restated an “overweight” rating on shares of Commerzbank in a report on Monday, May 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Commerzbank in a report on Monday.

Commerzbank Price Performance

Shares of OTCMKTS CRZBY opened at $41.50 on Thursday. The stock has a market capitalization of $49.16 billion, a price-to-earnings ratio of 18.44 and a beta of 0.69. The business has a 50-day moving average of $33.86 and a 200-day moving average of $27.89. The company has a debt-to-equity ratio of 14.07, a current ratio of 33.14 and a quick ratio of 33.14. Commerzbank has a fifty-two week low of $13.43 and a fifty-two week high of $41.70.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.45). The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $2.97 billion. Commerzbank had a net margin of 10.51% and a return on equity of 7.57%. As a group, sell-side analysts predict that Commerzbank will post 1.96 earnings per share for the current fiscal year.

Commerzbank Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were issued a dividend of $0.5056 per share. The ex-dividend date was Monday, May 19th. This is an increase from Commerzbank’s previous dividend of $0.26. This represents a yield of 175.0%. Commerzbank’s dividend payout ratio is 23.11%.

Hedge Funds Weigh In On Commerzbank

A number of hedge funds and other institutional investors have recently bought and sold shares of CRZBY. GAMMA Investing LLC lifted its position in Commerzbank by 124.6% during the first quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 2,306 shares during the last quarter. Rhumbline Advisers lifted its position in Commerzbank by 14.5% during the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 650 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its position in Commerzbank by 8.0% during the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 1,165 shares during the last quarter.

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.