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

Commerzbank AG (OTCMKTS:CRZBY) shares 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 Stock Performance

The stock has a fifty day simple moving average of $17.11 and a 200 day simple moving average of $16.58. The firm has a market cap of $23.04 billion, a P/E ratio of 10.18 and a beta of 0.95.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.46 by $0.13. The company had revenue of $8.45 billion during 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 earnings per share for the current year.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC boosted its position in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

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.