Commerzbank Aktiengesellschaft FI Sells 22,406 Shares of Regions Financial Corporation $RF

Commerzbank Aktiengesellschaft FI reduced its holdings in shares of Regions Financial Corporation (NYSE:RF) by 30.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,477 shares of the bank’s stock after selling 22,406 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Regions Financial were worth $1,345,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Swiss Life Asset Management Ltd boosted its stake in Regions Financial by 244.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after acquiring an additional 1,600,926 shares in the last quarter. Waterloo Capital L.P. grew its holdings in Regions Financial by 123.7% in the fourth quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock worth $3,683,000 after purchasing an additional 75,149 shares during the period. Evergreen Capital Management LLC bought a new stake in Regions Financial in the fourth quarter valued at $1,939,000. Sanctuary Advisors LLC increased its stake in Regions Financial by 108.0% in the fourth quarter. Sanctuary Advisors LLC now owns 675,296 shares of the bank’s stock valued at $18,301,000 after purchasing an additional 350,599 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Regions Financial by 3.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,859,466 shares of the bank’s stock valued at $51,247,000 after purchasing an additional 69,191 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction that occurred 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 this link. Company insiders own 0.34% of the company’s stock.

Regions Financial Stock Performance

RF opened at $30.82 on Wednesday. Regions Financial Corporation has a 1-year low of $22.70 and a 1-year high of $32.47. The company has a market cap of $26.31 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.20 and a beta of 1.00. The company’s fifty day moving average price is $29.11 and its two-hundred day moving average price is $28.30. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. On average, analysts expect that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Piper Sandler decreased their target price on Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company upped their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Stephens assumed coverage on Regions Financial in a report on Monday, June 15th. They issued an “equal weight” rating and a $31.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on Regions Financial from $29.00 to $31.50 and gave the stock a “neutral” rating in a report on Monday, July 6th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Regions Financial presently has a consensus rating of “Hold” and a consensus price target of $32.21.

Regions Financial Company Profile

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.