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

Commerzbank AG (OTCMKTS:CRZBY) hit a new 52-week high on Tuesday . The stock traded as high as $15.32 and last traded at $15.29, with a volume of 12087 shares changing hands. The stock had previously closed at $14.94.

Commerzbank Stock Up 2.3 %

The company’s fifty day moving average is $13.61 and its two-hundred day moving average is $12.38. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 8.44 and a beta of 1.07.

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

Commerzbank Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Friday, May 3rd will be issued a $0.2575 dividend. 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.