Commerzbank (OTCMKTS:CRZBY) Issues Earnings Results

Commerzbank (OTCMKTS:CRZBY) announced its quarterly earnings data on Thursday. The financial services provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.22), Zacks reports. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%.

Commerzbank Stock Performance

Shares of OTCMKTS:CRZBY traded down $1.22 during trading hours on Thursday, hitting $44.33. The stock had a trading volume of 9,387 shares, compared to its average volume of 26,635. The stock’s fifty day simple moving average is $42.99 and its 200 day simple moving average is $41.01. The firm has a market capitalization of $48.61 billion, a price-to-earnings ratio of 17.52 and a beta of 0.55. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 12.24. Commerzbank has a 1-year low of $33.63 and a 1-year high of $45.93.

Analyst Upgrades and Downgrades

CRZBY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Royal Bank Of Canada raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Zacks Research downgraded Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Citigroup restated a “neutral” rating on shares of Commerzbank in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers increased its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

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.