Commerzbank (OTCMKTS:CRZBY) Shares Gap Up – What’s Next?

Commerzbank AG (OTCMKTS:CRZBY) gapped up before the market opened on Wednesday . The stock had previously closed at $37.80, but opened at $39.40. Commerzbank shares last traded at $39.69, with a volume of 801 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CRZBY shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Commerzbank in a research report on Monday, August 11th. Citigroup restated a “neutral” rating on shares of Commerzbank in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Commerzbank from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group downgraded Commerzbank from a “hold” rating to a “sell” rating in a research note on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods cut Commerzbank from a “hold” rating to a “moderate sell” rating in a research 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 issued a Sell rating to the stock. According to MarketBeat, Commerzbank presently has a consensus rating of “Hold”.

Commerzbank Price Performance

The company has a debt-to-equity ratio of 14.69, a quick ratio of 33.14 and a current ratio of 12.40. The stock has a market capitalization of $47.16 billion, a price-to-earnings ratio of 17.69 and a beta of 0.57. The business’s 50 day simple moving average is $36.94 and its 200-day simple moving average is $35.61.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of Commerzbank by 18.1% during the third quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 741 shares in the last quarter. Rhumbline Advisers grew its position in Commerzbank by 14.5% in the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after buying an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in Commerzbank by 8.0% during the 2nd 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 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.