Commerzbank AG (OTCMKTS:CRZBY) has been given an average rating of “Hold” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Commerzbank from a “sell” rating to a “hold” rating in a report on Monday. Jefferies Financial Group assumed coverage on Commerzbank in a report on Thursday, May 2nd. They issued a “hold” rating for the company. ValuEngine lowered Commerzbank from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Finally, BNP Paribas reissued a “neutral” rating on shares of Commerzbank in a report on Wednesday, February 27th.
Shares of Commerzbank stock traded down $0.14 during trading hours on Tuesday, hitting $8.07. 97,762 shares of the company’s stock traded hands, compared to its average volume of 75,584. Commerzbank has a 12-month low of $6.22 and a 12-month high of $12.16. The firm has a market cap of $10.11 billion, a PE ratio of 10.68 and a beta of 1.61.
The company also recently disclosed an annual dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 24th will be issued a $0.145 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 23rd.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hancock Whitney Corp boosted its position in shares of Commerzbank by 7.9% during the 4th quarter. Hancock Whitney Corp now owns 42,923 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 3,127 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Commerzbank by 436.0% during the 4th quarter. Quadrant Capital Group LLC now owns 12,601 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 10,250 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Commerzbank by 48.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 2,159,138 shares of the financial services provider’s stock valued at $16,863,000 after acquiring an additional 704,510 shares during the last quarter. Institutional investors and hedge funds own 0.13% of the company’s stock.
Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments.
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