Commerzbank (OTCMKTS:CRZBY) Hits New 12-Month High – Still a Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $19.68 and last traded at $19.67, with a volume of 31759 shares trading hands. The stock had previously closed at $19.43.

Commerzbank Price Performance

The company has a market capitalization of $23.30 billion, a P/E ratio of 10.30 and a beta of 0.95. The company has a 50 day moving average of $16.93 and a 200-day moving average of $16.54.

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, topping analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $8.45 billion for the quarter. Commerzbank had a return on equity of 6.33% and a net margin of 8.55%. Research analysts predict that Commerzbank AG will post 1.96 EPS for the current fiscal year.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC lifted its stake in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,850 shares of the financial services provider’s stock after purchasing 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.

Commerzbank Company 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.