Commerzbank (OTCMKTS:CRZBY) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Commerzbank (OTCMKTS:CRZBY) released its quarterly earnings results on Friday. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11, Zacks reports. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a return on equity of 7.38% and a net margin of 11.02%.

Commerzbank Trading Down 0.8%

OTCMKTS:CRZBY opened at $42.08 on Friday. The stock has a market cap of $46.14 billion, a price-to-earnings ratio of 16.63 and a beta of 0.50. Commerzbank has a one year low of $28.00 and a one year high of $44.85. The company has a debt-to-equity ratio of 14.97, a quick ratio of 15.42 and a current ratio of 15.43. The business’s 50-day simple moving average is $38.70 and its 200 day simple moving average is $39.43.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers raised its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,876 shares of the financial services provider’s stock after purchasing an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent SEC filing.

Analyst Ratings Changes

Several equities analysts recently issued reports on CRZBY shares. Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a research report on Thursday, April 16th. Keefe, Bruyette & Woods raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. DZ Bank raised Commerzbank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Commerzbank Company Profile

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.