Commerzbank (OTCMKTS:CRZBY) Shares Gap Up – Still a Buy?

Shares of Commerzbank AG (OTCMKTS:CRZBY) gapped up prior to trading on Wednesday . The stock had previously closed at $41.61, but opened at $43.77. Commerzbank shares last traded at $44.16, with a volume of 9,360 shares.

Analyst Ratings Changes

A number of analysts recently weighed in on CRZBY shares. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research report on Tuesday, May 12th. Finally, Zacks Research lowered shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Commerzbank Price Performance

The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24. The stock’s 50 day simple moving average is $41.74 and its two-hundred day simple moving average is $40.50. The stock has a market cap of $48.69 billion, a price-to-earnings ratio of 17.55 and a beta of 0.51.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.83 billion. On average, analysts forecast that Commerzbank AG will post 3.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC lifted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,113 shares of the financial services provider’s stock after buying an additional 272 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 at the end of the most recent 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.