Commerzbank (OTCMKTS:CRZBY) Downgraded by Citigroup to “Neutral”

Citigroup downgraded shares of Commerzbank (OTCMKTS:CRZBYFree Report) from a buy rating to a neutral rating in a report issued on Monday, Marketbeat Ratings reports.

Commerzbank Stock Performance

OTCMKTS CRZBY opened at $16.82 on Monday. The stock has a 50 day moving average price of $15.15 and a 200-day moving average price of $13.11. Commerzbank has a one year low of $9.72 and a one year high of $17.09. The company has a market capitalization of $20.86 billion, a P/E ratio of 8.67 and a beta of 1.02.

Commerzbank (OTCMKTS:CRZBYGet Free Report) last posted its earnings results on Wednesday, May 15th. The financial services provider reported $0.67 earnings per share for the quarter. Commerzbank had a net margin of 10.27% and a return on equity of 6.77%. As a group, equities analysts predict that Commerzbank will post 2.05 EPS for the current fiscal year.

Commerzbank Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, May 16th. Stockholders of record on Friday, May 3rd were issued a $0.2575 dividend. The ex-dividend date was Thursday, May 2nd. This is a positive change from Commerzbank’s previous dividend of $0.14. Commerzbank’s dividend payout ratio (DPR) is 13.40%.

About Commerzbank

(Get Free Report)

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.

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