Commerzbank (OTCMKTS:CRZBY) Shares Gap Down – Time to Sell?

Commerzbank AG (OTCMKTS:CRZBY) gapped down prior to trading on Thursday . The stock had previously closed at $42.81, but opened at $41.07. Commerzbank shares last traded at $41.2850, with a volume of 1,923 shares trading hands.

Analyst Ratings Changes

Several research firms recently weighed in on CRZBY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. Zacks Research downgraded Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Commerzbank Stock Up 1.5%

The company has a current ratio of 12.24, a quick ratio of 15.42 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $41.54 and a two-hundred day moving average of $40.44. The stock has a market capitalization of $46.78 billion, a PE ratio of 16.86 and a beta of 0.51.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.11. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.83 billion. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%. Equities research analysts anticipate that Commerzbank AG will post 3.53 earnings per share for the current year.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,876 shares of the financial services provider’s stock after buying an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 at the end of the most recent reporting period.

About Commerzbank

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.