Commerzbank Aktiengesellschaft FI Purchases Shares of 45,567 Regions Financial Corporation (NYSE:RF)

Commerzbank Aktiengesellschaft FI bought a new position in shares of Regions Financial Corporation (NYSE:RF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 45,567 shares of the bank's stock, valued at approximately $991,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Regions Financial during the fourth quarter worth about $279,103,000. Invesco Ltd. increased its position in Regions Financial by 14.5% during the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock worth $363,823,000 after acquiring an additional 1,963,954 shares during the period. Deutsche Bank AG increased its position in Regions Financial by 52.7% during the fourth quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank's stock worth $129,892,000 after acquiring an additional 1,907,121 shares during the period. Raymond James Financial Inc. bought a new position in Regions Financial in the 4th quarter valued at about $31,480,000. Finally, Northern Trust Corp increased its holdings in Regions Financial by 14.8% in the 4th quarter. Northern Trust Corp now owns 9,658,858 shares of the bank's stock valued at $227,176,000 after buying an additional 1,247,882 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Analyst Ratings Changes

RF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wall Street Zen raised shares of Regions Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Stephens reissued an "overweight" rating and issued a $24.00 target price on shares of Regions Financial in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Regions Financial currently has an average rating of "Moderate Buy" and a consensus price target of $26.15.

Regions Financial Trading Up 6.1%

Shares of NYSE RF traded up $1.49 during midday trading on Friday, reaching $26.00. The stock had a trading volume of 23,430,016 shares, compared to its average volume of 8,417,409. The firm has a market cap of $23.37 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.83 and a beta of 0.98. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.84. The company's 50 day moving average price is $22.68 and its 200 day moving average price is $22.41.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. Regions Financial's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. As a group, sell-side analysts expect that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be paid a $0.265 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.06 annualized dividend and a dividend yield of 4.08%. This is a positive change from Regions Financial's previous quarterly dividend of $0.25. Regions Financial's payout ratio is currently 48.08%.

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.