Regions Financial Co. (NYSE:RF) Stock Holdings Raised by Commerce Bank

Commerce Bank raised its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 392.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 248,325 shares of the bank's stock after acquiring an additional 197,900 shares during the quarter. Commerce Bank's holdings in Regions Financial were worth $5,793,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in shares of Regions Financial in the 1st quarter worth approximately $26,000. American National Bank & Trust boosted its position in Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock worth $27,000 after purchasing an additional 1,114 shares in the last quarter. Quarry LP lifted its position in shares of Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after buying an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank's stock valued at $30,000 after purchasing an additional 1,256 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Regions Financial in the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on RF shares. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. Argus upgraded Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 price target for the company in a research report on Thursday, October 24th. DA Davidson boosted their price objective on Regions Financial from $27.00 to $29.00 and gave the company a "buy" rating in a report on Monday, October 21st. StockNews.com raised Regions Financial from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Finally, Barclays increased their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock an "underweight" rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.41.

Regions Financial Price Performance

Shares of RF stock traded up $0.33 during trading hours on Friday, hitting $27.07. The company's stock had a trading volume of 3,596,194 shares, compared to its average volume of 7,909,885. 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 Co. has a twelve month low of $15.79 and a twelve month high of $27.22. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 2.72 and a beta of 1.16. The business has a fifty day moving average of $23.95 and a 200-day moving average of $21.77.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business's quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. As a group, equities research analysts anticipate that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.69%. Regions Financial's dividend payout ratio is currently 56.50%.

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.