Commerzbank (OTCMKTS:CRZBY) Sees Large Volume Increase – Time to Buy?

Commerzbank AG (OTCMKTS:CRZBY) saw unusually-high trading volume on Thursday . 57,016 shares were traded during trading, an increase of 17% from the previous session’s volume of 48,659 shares.The stock last traded at $43.2050 and had previously closed at $42.68.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DZ Bank raised Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a report on Tuesday, May 12th. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 26th. Finally, Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Commerzbank Price Performance

The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. The business’s fifty day moving average price is $42.64 and its 200-day moving average price is $40.83. The company has a market capitalization of $48.05 billion, a P/E ratio of 17.32 and a beta of 0.53.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.87 by $0.11. The firm had revenue of $3.83 billion for 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%. As a group, sell-side analysts predict that Commerzbank AG will post 3.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its position in Commerzbank stock. Rhumbline Advisers lifted its position in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.

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.