Commerzbank (OTCMKTS:CRZBY) Issues Earnings Results, Beats Estimates By $0.03 EPS

Commerzbank (OTCMKTS:CRZBY) announced its earnings results on Thursday. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03, Zacks reports. Commerzbank had a net margin of 13.30% and a return on equity of 8.89%.

Commerzbank Stock Down 3.8%

CRZBY traded down $1.72 during trading hours on Thursday, hitting $43.20. 36,318 shares of the company’s stock were exchanged, compared to its average volume of 33,068. Commerzbank has a 1-year low of $33.63 and a 1-year high of $50.16. The stock’s 50-day moving average is $45.03 and its two-hundred day moving average is $42.34. The stock has a market cap of $45.35 billion, a price-to-earnings ratio of 14.77 and a beta of 0.60. The company has a quick ratio of 12.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.62.

Wall Street Analyst Weigh In

CRZBY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft downgraded Commerzbank from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Royal Bank Of Canada cut Commerzbank from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Commerzbank presently has a consensus rating of “Moderate Buy”.

About Commerzbank

Commerzbank AG is a German commercial bank headquartered in Frankfurt am Main. Founded in 1870, the bank serves private customers, small and medium-sized businesses, large corporate clients and institutional investors. Its activities are centered primarily in Germany and Poland, with additional international operations supporting corporate and capital-markets clients.

The bank’s services include current and savings accounts, consumer and business lending, mortgages, payment services, investment products, securities trading and wealth management.