Regions Financial Corporation $RF Shares Bought by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Regions Financial Corporation by 34.7%, owning 61,387 shares valued at $1,444,000 after buying additional shares during the second quarter.
• Regions Financial's quarterly dividend was recently declared at $0.265 per share, representing a 4.4% yield, up from its previous quarterly dividend of $0.25.
• Analysts have set varying price targets for Regions Financial, with estimates ranging from $28.00 to $32.00, while the stock holds a consensus rating of "Moderate Buy" on MarketBeat.

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 34.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,387 shares of the bank's stock after buying an additional 15,820 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Regions Financial were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RF. American National Bank & Trust grew its position in shares of Regions Financial by 2,433.3% in the second quarter. American National Bank & Trust now owns 1,064 shares of the bank's stock valued at $25,000 after purchasing an additional 1,022 shares during the last quarter. Bayforest Capital Ltd grew its position in shares of Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock valued at $27,000 after purchasing an additional 1,058 shares during the last quarter. Rossby Financial LCC acquired a new stake in shares of Regions Financial in the first quarter valued at approximately $36,000. Grove Bank & Trust grew its position in shares of Regions Financial by 76.6% in the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after purchasing an additional 814 shares during the last quarter. Finally, Groupe la Francaise acquired a new stake in shares of Regions Financial in the first quarter valued at approximately $41,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on RF. Evercore ISI increased their price target on shares of Regions Financial from $28.00 to $29.00 and gave the company an "in-line" rating in a research report on Tuesday, September 30th. Cantor Fitzgerald started coverage on shares of Regions Financial in a research report on Wednesday, September 10th. They issued an "overweight" rating and a $30.00 price target on the stock. DA Davidson raised their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Morgan Stanley set a $32.00 target price on shares of Regions Financial in a research report on Monday, September 29th. Finally, Citigroup increased their price target on shares of Regions Financial from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.89.

Regions Financial Stock Performance

Shares of RF stock opened at $24.16 on Friday. The company's fifty day simple moving average is $26.30 and its 200-day simple moving average is $23.58. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $27.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. The company has a market cap of $21.56 billion, a PE ratio of 11.24, a P/E/G ratio of 1.45 and a beta of 1.02.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. The business had revenue of $1.81 billion during the quarter. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. As a group, equities research analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Regions Financial's previous quarterly dividend of $0.25. Regions Financial's dividend payout ratio (DPR) is 49.30%.

Insiders Place Their Bets

In other news, Director Roger W. Jenkins purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average cost of $25.48 per share, with a total value of $101,920.00. Following the acquisition, the director owned 6,383 shares in the company, valued at approximately $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David R. Keenan sold 30,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total transaction of $750,300.00. Following the sale, the executive vice president directly owned 90,915 shares of the company's stock, valued at approximately $2,273,784.15. The trade was a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Regions Financial 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.

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