Commerzbank (OTCMKTS:CRZBY) Sets New 1-Year High – Here’s Why

Shares of Commerzbank AG (OTCMKTS:CRZBY) hit a new 52-week high during trading on Thursday . The stock traded as high as $19.68 and last traded at $19.67, with a volume of 31759 shares trading hands. The stock had previously closed at $19.43.

Commerzbank Stock Performance

The stock has a market capitalization of $23.04 billion, a P/E ratio of 10.18 and a beta of 0.95. The company’s 50-day moving average price is $17.11 and its 200 day moving average price is $16.58.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $8.45 billion during the quarter. Commerzbank had a return on equity of 6.33% and a net margin of 8.55%. Analysts predict that Commerzbank AG will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC lifted its stake in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,850 shares of the financial services provider’s stock after buying an additional 1,817 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 at the end of the most recent reporting period.

About Commerzbank

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.