Commerzbank (OTCMKTS:CRZBY) Sets New 52-Week High at $14.89

Commerzbank AG (OTCMKTS:CRZBY)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $14.89 and last traded at $14.83, with a volume of 5478 shares changing hands. The stock had previously closed at $14.39.

Commerzbank Price Performance

The company’s 50 day moving average price is $13.14 and its 200 day moving average price is $12.16. The firm has a market capitalization of $18.69 billion, a P/E ratio of 8.56 and a beta of 1.13.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings results on Tuesday, March 19th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $2.29 billion for the quarter. Commerzbank had a return on equity of 6.30% and a net margin of 10.17%. On average, research analysts anticipate that Commerzbank AG will post 2.09 EPS for the current fiscal year.

Commerzbank Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 16th. Investors of record on Friday, May 3rd will be given a $0.2575 dividend. This is a boost from Commerzbank’s previous dividend of $0.14. The ex-dividend date is Thursday, May 2nd. Commerzbank’s payout ratio is currently 7.95%.

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.