Commerzbank (OTCMKTS:CRZBY) Announces Earnings Results, Misses Estimates By $0.09 EPS

Commerzbank (OTCMKTS:CRZBY) posted its quarterly earnings data on Thursday. The financial services provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.09), Zacks reports. Commerzbank had a return on equity of 8.89% and a net margin of 13.30%.The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.72 billion.

Commerzbank Stock Performance

Commerzbank stock traded up $0.83 during mid-day trading on Friday, reaching $45.16. 5,818 shares of the stock traded hands, compared to its average volume of 15,383. The business’s 50-day moving average is $43.03 and its 200-day moving average is $41.04. The stock has a market capitalization of $49.51 billion, a PE ratio of 14.85 and a beta of 0.55. Commerzbank has a 12-month low of $33.63 and a 12-month high of $45.93. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers increased its stake in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

CRZBY has been the topic of a number of analyst reports. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Zacks Research downgraded Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Barclays upgraded Commerzbank from an “equal weight” rating to an “overweight” rating in a report on Monday, April 20th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.