Commerzbank (OTCMKTS:CRZBY) Shares Gap Down – What’s Next?

Shares of Commerzbank AG (OTCMKTS:CRZBY) gapped down before the market opened on Monday . The stock had previously closed at $41.75, but opened at $40.18. Commerzbank shares last traded at $40.18, with a volume of 3,077 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRZBY. Barclays upgraded shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 26th. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. Zacks Research cut shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Commerzbank Stock Down 4.8%

The company has a market capitalization of $43.60 billion, a PE ratio of 17.14 and a beta of 0.50. The company’s 50 day moving average is $38.58 and its two-hundred day moving average is $39.28. The company has a quick ratio of 15.42, a current ratio of 15.43 and a debt-to-equity ratio of 14.97.

Commerzbank (OTCMKTS:CRZBY) last posted its earnings results on Wednesday, March 25th. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Commerzbank had a net margin of 11.02% and a return on equity of 7.38%. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.61 billion. On average, analysts anticipate that Commerzbank AG will post 3.44 earnings per share for the current year.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC grew its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 5.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,113 shares of the financial services provider’s stock after buying an additional 272 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

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.