Comerica Bank Has $6.34 Million Position in Regions Financial Co. (NYSE:RF)

Comerica Bank decreased its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 269,475 shares of the bank's stock after selling 15,053 shares during the quarter. Comerica Bank's holdings in Regions Financial were worth $6,338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RF. Y.D. More Investments Ltd raised its position in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Regions Financial during the fourth quarter worth $28,000. Picton Mahoney Asset Management grew its stake in shares of Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after acquiring an additional 1,201 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Regions Financial in the 4th quarter worth about $32,000. Finally, Creative Capital Management Investments LLC acquired a new position in shares of Regions Financial during the 4th quarter worth approximately $44,000. Institutional investors own 79.39% of the company's stock.

Regions Financial Trading Down 0.7 %

Shares of Regions Financial stock traded down $0.14 during midday trading on Friday, reaching $21.16. The company had a trading volume of 7,438,082 shares, compared to its average volume of 8,092,838. The firm has a market cap of $19.16 billion, a PE ratio of 10.91, a P/E/G ratio of 1.93 and a beta of 0.97. The stock has a fifty day moving average price of $20.62 and a 200 day moving average price of $23.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm posted $0.37 EPS. On average, equities analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

Analysts Set New Price Targets

RF has been the topic of a number of analyst reports. Morgan Stanley reduced their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Citigroup dropped their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Barclays lowered their price objective on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Stephens decreased their price target on Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Wells Fargo & Company reduced their price objective on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.53.

Insider Activity

In related news, Director Joia M. Johnson purchased 2,300 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the purchase, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

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.