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

Shares of Commerzbank AG (OTCMKTS:CRZBY) gapped down before the market opened 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 traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CRZBY. Deutsche Bank Aktiengesellschaft upgraded Commerzbank from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Commerzbank in a report on Monday, August 11th. JPMorgan Chase & Co. cut shares of Commerzbank from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 9th. The Goldman Sachs Group lowered Commerzbank from a “hold” rating to a “sell” rating in a report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods cut shares of Commerzbank from a “hold” rating to a “moderate sell” rating in a report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Commerzbank Stock Down 1.1%

The firm’s fifty day simple moving average is $37.00 and its 200-day simple moving average is $35.31. The company has a market cap of $42.93 billion, a PE ratio of 16.10 and a beta of 0.57. The company has a quick ratio of 33.14, a current ratio of 12.40 and a debt-to-equity ratio of 14.69.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.46 billion. Commerzbank had a return on equity of 7.49% and a net margin of 10.51%. As a group, equities research analysts expect that Commerzbank AG will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its position in shares of Commerzbank by 8.0% in the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after buying an additional 1,165 shares during the last quarter. GAMMA Investing LLC boosted its position in Commerzbank by 18.1% during the third quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 741 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Commerzbank by 22.3% in 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.

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.