Commerzbank Aktiengesellschaft FI Purchases Shares of 13,125 Regions Financial Co. (NYSE:RF)

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Regions Financial Co. (NYSE:RF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,125 shares of the bank’s stock, valued at approximately $307,000.

A number of other large investors have also made changes to their positions in the stock. Cincinnati Insurance Co. acquired a new position in Regions Financial in the 1st quarter valued at approximately $74,606,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of Regions Financial in the first quarter valued at $33,829,000. Allspring Global Investments Holdings LLC lifted its position in Regions Financial by 13.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after purchasing an additional 1,014,706 shares during the period. Dimensional Fund Advisors LP boosted its stake in Regions Financial by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock worth $285,562,000 after buying an additional 979,597 shares in the last quarter. Finally, Swedbank AB bought a new stake in Regions Financial in the 1st quarter valued at $19,322,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of RF stock opened at $23.75 on Friday. The firm has a market cap of $21.75 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 2.80 and a beta of 1.17. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $24.47. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $22.87 and a 200 day moving average price of $20.98.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Research analysts expect that Regions Financial Co. will post 2.02 EPS for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.21%. Regions Financial’s dividend payout ratio is currently 54.35%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RF. Truist Financial lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Monday. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Thursday. DA Davidson boosted their price target on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday. Citigroup increased their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $24.00 to $26.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.35.

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.