Commerzbank (OTCMKTS:CRZBY) Reaches New 52-Week High – What’s Next?

Commerzbank AG (OTCMKTS:CRZBY) reached a new 52-week high on Monday . The company traded as high as $33.45 and last traded at $32.96, with a volume of 17278 shares trading hands. The stock had previously closed at $32.34.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Commerzbank in a research note on Thursday, May 22nd. Morgan Stanley restated an “overweight” rating on shares of Commerzbank in a research report on Monday, May 19th. Royal Bank of Canada restated a “sector perform” rating on shares of Commerzbank in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research report on Thursday, April 24th.

Commerzbank Stock Up 1.9%

The company’s fifty day moving average is $28.38 and its two-hundred day moving average is $22.80. The firm has a market capitalization of $39.05 billion, a price-to-earnings ratio of 17.26 and a beta of 0.73.

Commerzbank (OTCMKTS:CRZBY) last posted its earnings results on Friday, May 9th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $2.96 billion. Commerzbank had a net margin of 8.55% and a return on equity of 6.33%. On average, equities research analysts expect that Commerzbank AG will post 1.96 EPS for the current year.

Commerzbank Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were given a $0.5056 dividend. The ex-dividend date was Monday, May 19th. This represents a yield of 1.75%. This is an increase from Commerzbank’s previous dividend of $0.26. Commerzbank’s dividend payout ratio (DPR) is 21.79%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers grew its position in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,140 shares of the financial services provider’s stock after acquiring an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent 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.