Commerzbank (OTCMKTS:CRZBY) Shares Gap Down – Here’s Why

Shares of Commerzbank AG (OTCMKTS:CRZBY) gapped down prior to trading on Friday . The stock had previously closed at $41.63, but opened at $39.67. Commerzbank shares last traded at $40.13, with a volume of 771 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CRZBY shares. Deutsche Bank Aktiengesellschaft upgraded shares of Commerzbank from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group upgraded shares of Commerzbank from a “sell” rating to a “neutral” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Commerzbank Trading Up 0.7%

The company has a market cap of $43.09 billion, a price-to-earnings ratio of 17.73 and a beta of 0.36. The firm’s fifty day moving average price is $41.28 and its 200-day moving average price is $39.01.

Commerzbank (OTCMKTS:CRZBY) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The business 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, research analysts anticipate that Commerzbank AG will post 1.96 EPS for the current year.

Institutional Trading of Commerzbank

Several institutional investors have recently added to or reduced their stakes in CRZBY. GAMMA Investing LLC grew its position in Commerzbank by 5.6% in the fourth quarter. GAMMA Investing LLC now owns 5,113 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 272 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of Commerzbank by 8.0% during the second 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 in the last quarter.

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.