Commerzbank (OTCMKTS:CRZBY) Sets New 12-Month High at $14.89

Shares of Commerzbank AG (OTCMKTS:CRZBY) reached a new 52-week high during trading on Tuesday . The company traded as high as $14.89 and last traded at $14.83, with a volume of 5478 shares. The stock had previously closed at $14.39.

Commerzbank Price Performance

The stock has a market cap of $18.39 billion, a P/E ratio of 8.18 and a beta of 1.13. The business’s fifty day moving average price is $12.93 and its 200 day moving average price is $12.10.

Commerzbank (OTCMKTS:CRZBY) last posted its earnings results on Tuesday, March 19th. The financial services provider reported $0.34 EPS for the quarter. The firm had revenue of $2.29 billion during the quarter. Commerzbank had a net margin of 10.17% and a return on equity of 6.30%. On average, analysts predict that Commerzbank AG will post 2.09 earnings per share for the current fiscal year.

Commerzbank Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.2575 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Commerzbank’s previous dividend of $0.14. Commerzbank’s dividend payout ratio is currently 7.95%.

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.