Commerzbank Aktiengesellschaft FI Cuts Stock Holdings in Regions Financial Corporation $RF

Commerzbank Aktiengesellschaft FI trimmed its position in shares of Regions Financial Corporation (NYSE:RF) by 30.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,477 shares of the bank’s stock after selling 22,406 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Regions Financial were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in RF. Darwin Wealth Management LLC bought a new position in shares of Regions Financial during the second quarter valued at about $25,000. SouthState Bank Corp boosted its holdings in Regions Financial by 94.1% during the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after purchasing an additional 538 shares during the last quarter. Spire Wealth Management grew its position in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after purchasing an additional 557 shares in the last quarter. Princeton Global Asset Management LLC increased its stake in Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after buying an additional 854 shares during the last quarter. Finally, Leonteq Securities AG purchased a new stake in Regions Financial in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on RF. Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a research report on Friday. Robert W. Baird reaffirmed an “underperform” rating and set a $28.00 price target on shares of Regions Financial in a research report on Monday, July 6th. Wells Fargo & Company lifted their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Jefferies Financial Group reissued a “hold” rating and issued a $32.00 price objective on shares of Regions Financial in a research report on Friday. Finally, Citigroup boosted their price objective on Regions Financial from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.21.

Regions Financial Stock Performance

Shares of RF stock opened at $30.82 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 1.20 and a beta of 1.00. Regions Financial Corporation has a 52 week low of $22.70 and a 52 week high of $32.47. The firm’s 50-day simple moving average is $29.11 and its two-hundred day simple moving average is $28.30.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm earned $0.60 EPS. The company’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts forecast that Regions Financial Corporation will post 2.61 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid a $0.30 dividend. The ex-dividend date is Tuesday, September 1st. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 3.9%. Regions Financial’s dividend payout ratio (DPR) is currently 43.27%.

Insider Buying and Selling

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.