Commerce Bank Increases Stock Holdings in Regions Financial Co. (NYSE:RF)

Commerce Bank boosted its position in Regions Financial Co. (NYSE:RF) by 392.5% during the third quarter, according to its most recent 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 quarter. Commerce Bank’s holdings in Regions Financial were worth $5,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its position in Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after purchasing an additional 429 shares during the period. CWM LLC boosted its holdings in shares of Regions Financial by 1.1% during the third quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after acquiring an additional 480 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Regions Financial by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock worth $515,000 after acquiring an additional 506 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Regions Financial by 2.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank’s stock worth $473,000 after acquiring an additional 545 shares during the period. Finally, IFG Advisory LLC lifted its position in Regions Financial by 1.8% in the 2nd quarter. IFG Advisory LLC now owns 30,928 shares of the bank’s stock valued at $620,000 after purchasing an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

NYSE RF opened at $26.74 on Friday. Regions Financial Co. has a 1 year low of $15.79 and a 1 year high of $26.92. The stock’s 50-day moving average price is $23.85 and its two-hundred day moving average price is $21.74. The company has a market cap of $24.30 billion, a PE ratio of 15.11, a PEG ratio of 2.72 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS 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 firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $0.49 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts predict that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

Analysts Set New Price Targets

Several equities research analysts have commented on RF shares. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Citigroup boosted their target price on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.41.

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.