Commerzbank (OTCMKTS:CRZBY) Sees Unusually-High Trading Volume – Time to Buy?

Commerzbank AG (OTCMKTS:CRZBY) shares saw strong trading volume on Friday . 91,387 shares were traded during trading, an increase of 145% from the previous session’s volume of 37,250 shares.The stock last traded at $39.31 and had previously closed at $39.79.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CRZBY shares. Deutsche Bank Aktiengesellschaft raised Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th. The Goldman Sachs Group lowered Commerzbank from a “hold” rating to a “sell” rating in a report on Tuesday, August 26th. Keefe, Bruyette & Woods cut Commerzbank from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. lowered shares of Commerzbank from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 9th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Commerzbank in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Commerzbank Stock Performance

The stock has a 50 day moving average of $37.07 and a two-hundred day moving average of $35.78. The stock has a market capitalization of $46.57 billion, a PE ratio of 17.47 and a beta of 0.57. The company has a debt-to-equity ratio of 14.69, a current ratio of 12.40 and a quick ratio of 33.14.

Commerzbank (OTCMKTS:CRZBY) last issued its 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). Commerzbank had a return on equity of 7.49% and a net margin of 10.51%.The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Research analysts expect that Commerzbank AG will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC lifted its position in shares of 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 acquiring an additional 1,165 shares during the period. Rhumbline Advisers increased its stake in Commerzbank by 22.3% in the 3rd quarter. Rhumbline Advisers now owns 6,876 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 1,252 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Commerzbank by 18.1% during the third quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 741 shares during the last quarter.

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.