Commerzbank (OTCMKTS:CRZBY) Releases Earnings Results

Commerzbank (OTCMKTS:CRZBY) posted its quarterly earnings results on Friday. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11, Zacks reports. Commerzbank had a net margin of 11.02% and a return on equity of 7.38%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.83 billion.

Commerzbank Trading Down 0.8%

Shares of CRZBY opened at $42.08 on Friday. The company has a current ratio of 15.43, a quick ratio of 15.42 and a debt-to-equity ratio of 14.97. Commerzbank has a 12-month low of $28.00 and a 12-month high of $44.85. The firm has a 50-day moving average price of $38.70 and a 200 day moving average price of $39.43. The firm has a market capitalization of $46.14 billion, a P/E ratio of 16.63 and a beta of 0.50.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research report on Thursday, April 16th. Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Commerzbank has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers raised its stake in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 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.