Commerzbank (OTCMKTS:CRZBY) Sees Large Volume Increase – Still a Buy?

Shares of Commerzbank AG (OTCMKTS:CRZBY) saw unusually-high trading volume on Thursday . Approximately 119,665 shares changed hands during trading, an increase of 134% from the previous session’s volume of 51,049 shares.The stock last traded at $41.44 and had previously closed at $41.29.

Analyst Ratings Changes

CRZBY has been the topic of a number of recent analyst reports. DZ Bank raised shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a research report on Thursday, April 16th. The Goldman Sachs Group reissued a “neutral” rating on shares of Commerzbank in a research report on Monday, February 23rd. Keefe, Bruyette & Woods raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. Finally, Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Commerzbank Stock Up 0.5%

The firm has a market capitalization of $45.52 billion, a P/E ratio of 17.89 and a beta of 0.47. The firm’s 50-day moving average is $38.56 and its 200 day moving average is $39.22. The company has a debt-to-equity ratio of 14.97, a quick ratio of 15.42 and a current ratio of 15.43.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings data on Wednesday, March 25th. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Commerzbank had a net margin of 11.02% and a return on equity of 7.38%. As a group, equities research analysts predict that Commerzbank AG will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Commerzbank

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