Deutsche Bank (DB) Shares Gap Down to $12.90

Deutsche Bank (NYSE:DB)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $12.49, but opened at $12.90. Deutsche Bank shares last traded at $13.04, with a volume of 216758 shares changing hands.

Several equities analysts have commented on DB shares. Zacks Investment Research raised Deutsche Bank from a “strong sell” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, April 18th. DZ Bank reaffirmed a “buy” rating on shares of Deutsche Bank in a report on Tuesday, April 10th. ValuEngine cut Deutsche Bank from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Bank of America raised Deutsche Bank from an “underperform” rating to a “neutral” rating in a report on Monday, February 19th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.41.

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The company has a debt-to-equity ratio of 2.49, a current ratio of 0.76 and a quick ratio of 0.76.

Deutsche Bank (NYSE:DB) last released its quarterly earnings data on Friday, March 16th. The bank reported ($1.35) earnings per share for the quarter. Deutsche Bank had a negative net margin of 3.32% and a negative return on equity of 1.80%. The company had revenue of $6.72 billion during the quarter. analysts forecast that Deutsche Bank will post 1.13 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in Deutsche Bank by 2.6% during the 4th quarter. Raymond James & Associates now owns 133,903 shares of the bank’s stock worth $2,548,000 after acquiring an additional 3,354 shares during the last quarter. Gabelli Funds LLC grew its position in Deutsche Bank by 11.3% during the 1st quarter. Gabelli Funds LLC now owns 59,000 shares of the bank’s stock worth $825,000 after acquiring an additional 6,000 shares during the last quarter. Elkfork Partners LLC bought a new stake in Deutsche Bank during the 4th quarter worth approximately $141,000. Mandatum Life Insurance Co Ltd bought a new stake in Deutsche Bank during the 4th quarter worth approximately $160,000. Finally, Mackenzie Financial Corp grew its position in Deutsche Bank by 85.9% during the 4th quarter. Mackenzie Financial Corp now owns 21,419 shares of the bank’s stock worth $408,000 after acquiring an additional 9,898 shares during the last quarter. Institutional investors own 24.60% of the company’s stock.

Deutsche Bank Company Profile

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.