Commerzbank (OTCMKTS:CRZBY) Sees Large Volume Increase – Here’s Why

Shares of Commerzbank AG (OTCMKTS:CRZBY) saw unusually-strong trading volume on Thursday . Approximately 228,590 shares traded hands during trading, an increase of 491% from the previous session’s volume of 38,708 shares.The stock last traded at $41.4550 and had previously closed at $41.03.

Analysts Set New Price Targets

CRZBY has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th. Keefe, Bruyette & Woods downgraded Commerzbank from a “hold” rating to a “moderate sell” rating in a report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. cut Commerzbank from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Commerzbank Stock Up 0.9%

The stock has a market capitalization of $49.06 billion, a PE ratio of 18.24 and a beta of 0.36. The company has a current ratio of 0.53, a quick ratio of 33.14 and a debt-to-equity ratio of 1.82. The company’s 50-day moving average is $37.82 and its 200 day moving average is $36.76.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.46 billion. Commerzbank had a net margin of 11.03% and a return on equity of 7.29%. As a group, analysts anticipate that Commerzbank AG will post 1.96 EPS for the current year.

Institutional Investors Weigh In On Commerzbank

A number of institutional investors and hedge funds have recently made changes to their positions in CRZBY. Rhumbline Advisers raised its stake in Commerzbank by 14.5% in the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after buying an additional 650 shares during the period. GAMMA Investing LLC raised its stake in Commerzbank by 18.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 741 shares during the period. Finally, Yousif Capital Management LLC raised its stake in Commerzbank by 8.0% in the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 1,165 shares during the period.

Commerzbank Company Profile

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.