Commerzbank AG (OTCMKTS:CRZBY) Sees Large Drop in Short Interest
by Tristan Rich · The Markets DailyCommerzbank AG (OTCMKTS:CRZBY – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 27,140 shares, a decrease of 56.0% from the April 30th total of 61,745 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 55,164 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers grew its position in shares of Commerzbank AG (OTCMKTS:CRZBY – Free Report) by 22.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,876 shares of the financial services provider’s stock after purchasing an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent SEC filing.
Analysts Set New Price Targets
Several research analysts have recently weighed in on CRZBY shares. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 26th. Barclays upgraded shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a report on Monday, April 20th. Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a report on Tuesday, May 12th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Commerzbank in a report on Monday, February 23rd. One equities 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 stock. According to MarketBeat.com, Commerzbank presently has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Commerzbank
Commerzbank Stock Performance
OTCMKTS CRZBY opened at $42.99 on Monday. Commerzbank has a one year low of $30.00 and a one year high of $44.85. The company’s 50 day moving average price is $40.25 and its 200 day moving average price is $40.13. The company has a debt-to-equity ratio of 14.97, a quick ratio of 15.42 and a current ratio of 15.43. The firm has a market capitalization of $47.14 billion, a price-to-earnings ratio of 16.99 and a beta of 0.51.
Commerzbank (OTCMKTS:CRZBY – Get Free Report) last posted its quarterly earnings results 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. Commerzbank had a net margin of 11.55% and a return on equity of 7.74%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.83 billion. On average, sell-side analysts predict that Commerzbank will post 3.53 EPS for the current year.
Commerzbank Company Profile
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.