Commerce Bank Has $5.51 Million Holdings in Regions Financial Co. (NYSE:RF)

Commerce Bank reduced its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 234,126 shares of the bank's stock after selling 14,199 shares during the quarter. Commerce Bank's holdings in Regions Financial were worth $5,507,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Arvest Bank Trust Division acquired a new stake in Regions Financial in the 4th quarter worth $204,000. Dean Investment Associates LLC lifted its stake in shares of Regions Financial by 4.5% in the fourth quarter. Dean Investment Associates LLC now owns 132,733 shares of the bank's stock valued at $3,122,000 after buying an additional 5,681 shares during the period. Canada Pension Plan Investment Board grew its position in Regions Financial by 118.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,902,050 shares of the bank's stock worth $44,736,000 after buying an additional 1,031,572 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in Regions Financial during the fourth quarter valued at about $118,000. Finally, Farringdon Capital Ltd. acquired a new position in Regions Financial in the 4th quarter valued at approximately $595,000. 79.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on RF shares. Morgan Stanley lowered their price objective 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. Barclays dropped 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 note on Monday. 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 research report on Thursday, April 3rd. Truist Financial dropped their price target on shares of Regions Financial from $24.00 to $21.00 and set a "hold" rating for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods decreased their price objective on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $25.53.

Regions Financial Trading Up 1.3 %

Shares of RF stock traded up $0.26 on Wednesday, reaching $20.04. 7,553,481 shares of the stock were exchanged, compared to its average volume of 8,125,716. 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 one year low of $17.72 and a one year high of $27.96. The stock has a market cap of $18.15 billion, a PE ratio of 10.33, a P/E/G ratio of 1.93 and a beta of 1.01. The stock has a 50 day moving average price of $21.41 and a 200 day moving average price of $23.52.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the business posted $0.37 EPS. Equities research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio is presently 48.08%.

Insider Buying and Selling at Regions Financial

In related news, Director Joia M. Johnson purchased 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.29% of the company's stock.

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.