Commerzbank (OTCMKTS:CRZBY) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Commerzbank (OTCMKTS:CRZBY) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02, Zacks reports. Commerzbank had a return on equity of 7.49% and a net margin of 10.51%.

Commerzbank Trading Down 1.9%

OTCMKTS CRZBY traded down $0.71 during trading hours on Thursday, hitting $36.77. 15,673 shares of the company were exchanged, compared to its average volume of 38,078. The stock has a 50-day moving average price of $37.03 and a 200 day moving average price of $34.49. The company has a quick ratio of 33.14, a current ratio of 12.40 and a debt-to-equity ratio of 14.69. Commerzbank has a 52 week low of $14.91 and a 52 week high of $44.85. The stock has a market cap of $43.56 billion, a PE ratio of 16.34 and a beta of 0.57.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers boosted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,876 shares of the financial services provider’s stock after acquiring an additional 1,252 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CRZBY shares. Citigroup reissued a “neutral” rating on shares of Commerzbank in a report on Tuesday, August 5th. The Goldman Sachs Group lowered Commerzbank from a “hold” rating to a “sell” rating in a report on Tuesday, August 26th. Keefe, Bruyette & Woods lowered Commerzbank from a “hold” rating to a “moderate sell” rating in a report on Tuesday, September 23rd. JPMorgan Chase & Co. downgraded Commerzbank from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded Commerzbank from a “buy” rating to a “hold” rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.