Commerzbank AG (OTCMKTS:CRZBY) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Commerzbank AG (OTCMKTS:CRZBY) by 5,022.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,757 shares of the financial services provider’s stock after buying an additional 92,907 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $2,160,000 at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CRZBY shares. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Commerzbank in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a research report on Thursday, April 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Commerzbank in a research report on Monday, May 19th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research report on Thursday, May 22nd.

Commerzbank Trading Down 0.6%

OTCMKTS:CRZBY opened at $32.34 on Friday. The firm has a market capitalization of $38.31 billion, a price-to-earnings ratio of 16.93 and a beta of 0.73. Commerzbank AG has a 1-year low of $13.28 and a 1-year high of $32.60. The business’s fifty day moving average price is $28.38 and its 200 day moving average price is $22.69.

Commerzbank (OTCMKTS:CRZBY) last issued its earnings results on Friday, May 9th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. Commerzbank had a return on equity of 6.33% and a net margin of 8.55%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $2.96 billion. Equities analysts forecast that Commerzbank AG will post 1.96 earnings per share for the current year.

Commerzbank Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.5056 per share. This represents a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, May 19th. This is an increase from Commerzbank’s previous dividend of $0.26. Commerzbank’s dividend payout ratio is 21.79%.

Commerzbank 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.