Commerzbank (OTCMKTS:CRZBY) Announces Quarterly Earnings Results

Commerzbank (OTCMKTS:CRZBY) released its quarterly earnings data on Wednesday. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02, Zacks reports. Commerzbank had a return on equity of 7.49% and a net margin of 10.51%.

Commerzbank Stock Down 1.9%

Shares of Commerzbank stock traded down $0.71 on Thursday, reaching $36.77. The company’s stock had a trading volume of 15,673 shares, compared to its average volume of 38,078. The company has a market capitalization of $43.56 billion, a price-to-earnings ratio of 16.34 and a beta of 0.57. The firm’s fifty day simple moving average is $37.03 and its two-hundred day simple moving average is $34.49. Commerzbank has a 52 week low of $14.91 and a 52 week high of $44.85. The company has a quick ratio of 33.14, a current ratio of 12.40 and a debt-to-equity ratio of 14.69.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers increased its position in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the 1st quarter, according to its most recent disclosure 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 reporting period.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CRZBY shares. Citigroup restated a “neutral” rating on shares of Commerzbank in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft cut Commerzbank from a “buy” rating to a “hold” rating in a research note on Monday, August 18th. Royal Bank Of Canada restated a “sector perform” rating on shares of Commerzbank in a research note on Monday, August 11th. The Goldman Sachs Group cut Commerzbank from a “hold” rating to a “sell” rating in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. cut Commerzbank from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 9th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Commerzbank currently has a consensus rating of “Hold”.

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.