Regions Financial Co. (NYSE:RF) Shares Purchased by Commerce Bank

Commerce Bank raised its holdings in Regions Financial Co. (NYSE:RF) by 392.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,325 shares of the bank’s stock after buying an additional 197,900 shares during the period. Commerce Bank’s holdings in Regions Financial were worth $5,793,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Regions Financial during the third quarter worth approximately $3,451,000. BIP Wealth LLC grew its position in shares of Regions Financial by 21.3% in the 3rd quarter. BIP Wealth LLC now owns 14,567 shares of the bank’s stock valued at $340,000 after buying an additional 2,562 shares during the last quarter. Caprock Group LLC raised its stake in Regions Financial by 4.5% during the 3rd quarter. Caprock Group LLC now owns 19,093 shares of the bank’s stock worth $450,000 after acquiring an additional 827 shares in the last quarter. Pathstone Holdings LLC lifted its position in Regions Financial by 1.2% in the third quarter. Pathstone Holdings LLC now owns 268,376 shares of the bank’s stock valued at $6,263,000 after acquiring an additional 3,222 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in Regions Financial in the third quarter valued at $1,824,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Evercore ISI boosted their target price on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. Barclays upped their price target on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective on the stock in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Finally, Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.41.

Regions Financial Price Performance

Shares of NYSE RF opened at $26.74 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $23.85 and its 200 day moving average price is $21.74. Regions Financial Co. has a 52 week low of $15.79 and a 52 week high of $26.92. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.72 and a beta of 1.16.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, research analysts forecast that Regions Financial Co. will post 2.12 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed 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 of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.74%. Regions Financial’s dividend payout ratio is currently 56.50%.

About Regions Financial

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.