Commerzbank (OTCMKTS:CRZBY) Sees Unusually-High Trading Volume – Here’s Why

Commerzbank AG (OTCMKTS:CRZBY) shares saw unusually-high trading volume on Thursday . Approximately 119,665 shares changed hands during mid-day trading, an increase of 134% from the previous session’s volume of 51,049 shares.The stock last traded at $41.44 and had previously closed at $41.29.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRZBY. DZ Bank raised Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Barclays raised Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a report on Thursday, April 16th. The Goldman Sachs Group reissued a “neutral” rating on shares of Commerzbank in a report on Monday, February 23rd. Finally, Zacks Research cut shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Commerzbank Stock Up 0.6%

The company has a debt-to-equity ratio of 14.97, a current ratio of 15.43 and a quick ratio of 15.42. The company has a market capitalization of $45.78 billion, a P/E ratio of 18.00 and a beta of 0.47. The stock has a 50-day moving average price of $38.58 and a 200-day moving average price of $39.24.

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

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC boosted its position in Commerzbank AG (OTCMKTS:CRZBY) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 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.