Regions Financial Corporation $RF Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its stake in shares of Regions Financial Corporation (NYSE:RF) by 34.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,387 shares of the bank’s stock after acquiring an additional 15,820 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Regions Financial were worth $1,444,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RF. American National Bank & Trust boosted its holdings in shares of Regions Financial by 2,433.3% in the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after buying an additional 1,022 shares during the period. Bayforest Capital Ltd boosted its holdings in shares of Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after buying an additional 1,058 shares during the period. Rossby Financial LCC acquired a new position in shares of Regions Financial in the 1st quarter valued at about $36,000. Groupe la Francaise acquired a new position in shares of Regions Financial in the 1st quarter valued at about $41,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Regions Financial in the 2nd quarter valued at about $44,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Down 4.5%

Shares of NYSE:RF opened at $24.16 on Friday. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The company has a market cap of $21.56 billion, a PE ratio of 11.24, a P/E/G ratio of 1.45 and a beta of 1.02. The company’s 50-day moving average price is $26.30 and its 200 day moving average price is $23.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The company had revenue of $1.81 billion for the quarter. Sell-side analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.265 per share. This is a positive change from Regions Financial’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.4%. Regions Financial’s payout ratio is presently 49.30%.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total transaction of $750,300.00. Following the sale, the executive vice president directly owned 90,915 shares in the company, valued at approximately $2,273,784.15. The trade was a 24.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roger W. Jenkins purchased 4,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were bought at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the transaction, the director directly owned 6,383 shares in the company, valued at $162,638.84. This represents a 167.86% increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Citigroup lifted their price target on shares of Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Barclays reaffirmed an “underweight” rating and issued a $27.00 price target (up from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a research report on Monday, September 29th. Wall Street Zen upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, DA Davidson lifted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.89.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.