Commerzbank (OTCMKTS:CRZBY) Sets New 52-Week High at $15.32

Commerzbank AG (OTCMKTS:CRZBY)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $15.32 and last traded at $15.29, with a volume of 12087 shares. The stock had previously closed at $14.94.

Commerzbank Stock Performance

The business’s 50 day moving average is $13.61 and its 200 day moving average is $12.38. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of 8.44 and a beta of 1.07.

Commerzbank (OTCMKTS:CRZBY) last issued its earnings results on Tuesday, March 19th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $2.29 billion during the quarter. Commerzbank had a net margin of 10.17% and a return on equity of 6.30%. Research analysts expect that Commerzbank AG will post 2.09 earnings per share for the current year.

Commerzbank Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.2575 per share. The ex-dividend date is Thursday, May 2nd. This is a positive change from Commerzbank’s previous dividend of $0.14. Commerzbank’s dividend payout ratio (DPR) is 14.77%.

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.