Commerzbank (OTCMKTS:CRZBY) Shares Gap Down – What’s Next?

Commerzbank AG (OTCMKTS:CRZBY) shares gapped down prior to trading on Friday . The stock had previously closed at $41.63, but opened at $39.67. Commerzbank shares last traded at $40.13, with a volume of 771 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th. The Goldman Sachs Group raised Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Commerzbank currently has an average rating of “Hold”.

Commerzbank Stock Performance

The stock has a market capitalization of $43.18 billion, a price-to-earnings ratio of 17.77 and a beta of 0.36. The firm has a fifty day moving average of $41.30 and a 200-day moving average of $39.10.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.46 billion. Commerzbank had a return on equity of 7.29% and a net margin of 11.03%. On average, analysts predict that Commerzbank AG will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Commerzbank

Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in Commerzbank by 14.5% in the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 650 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Commerzbank by 8.0% during the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 1,165 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Commerzbank by 18.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after buying an additional 741 shares in the last quarter.

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.