Commerzbank (OTCMKTS:CRZBY) Reaches New 1-Year High – Still a Buy?

Shares of Commerzbank AG (OTCMKTS:CRZBY) reached a new 52-week high on Tuesday . The company traded as high as $18.77 and last traded at $18.77, with a volume of 15799 shares. The stock had previously closed at $18.09.

Commerzbank Stock Performance

The stock’s 50-day moving average is $16.34 and its 200 day moving average is $16.32. The stock has a market capitalization of $22.46 billion, a PE ratio of 9.93 and a beta of 0.94.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Commerzbank had a return on equity of 6.33% and a net margin of 8.55%. The company had revenue of $8.45 billion during the quarter. Analysts expect that Commerzbank AG will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC lifted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,850 shares of the financial services provider’s stock after acquiring an additional 1,817 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 as of its most recent SEC filing.

About Commerzbank

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.