Commerzbank (OTCMKTS:CRZBY) Hits New 1-Year High – Should You Buy?

Shares of Commerzbank AG (OTCMKTS:CRZBY) reached a new 52-week high during trading on Monday . The company traded as high as $44.89 and last traded at $44.6068, with a volume of 3350 shares. The stock had previously closed at $43.34.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRZBY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Zacks Research cut Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Commerzbank upgraded Commerzbank from an “overweight” rating to a “buy” rating in a report on Tuesday, May 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Commerzbank Stock Up 2.2%

The stock has a market cap of $49.87 billion, a PE ratio of 17.98 and a beta of 0.55. The business has a fifty day moving average of $42.90 and a 200-day moving average of $40.95. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24.

Commerzbank (OTCMKTS:CRZBY) last issued its earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.11. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.83 billion. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%. Equities research analysts anticipate that Commerzbank AG will post 3.44 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Commerzbank stock. Rhumbline Advisers boosted its position in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 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.