Commerzbank (OTCMKTS:CRZBY) Shares Gap Up – Still a Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $45.73, but opened at $47.30. Commerzbank shares last traded at $47.59, with a volume of 6,097 shares.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CRZBY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a research report on Tuesday, May 12th. DZ Bank raised Commerzbank from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a report on Monday, August 10th. Finally, Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Commerzbank Trading Up 2.1%

The company has a market cap of $52.08 billion, a price-to-earnings ratio of 15.62 and a beta of 0.55. The company’s 50 day moving average price is $43.77 and its 200 day moving average price is $41.38. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 12.24.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers lifted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,140 shares of the financial services provider’s stock after acquiring an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent filing with the SEC.

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.