Stieven Capital Advisors L.P. Has $9.96 Million Stock Position in Comerica Incorporated (NYSE:CMA)

Stieven Capital Advisors L.P. raised its holdings in Comerica Incorporated (NYSE:CMA) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,047 shares of the financial services provider’s stock after buying an additional 21,500 shares during the quarter. Comerica accounts for 1.8% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 29th largest holding. Stieven Capital Advisors L.P. owned about 0.12% of Comerica worth $9,961,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CMA. Trust Co. of Vermont boosted its stake in Comerica by 300.0% during the fourth quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 321 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of Comerica during the fourth quarter valued at about $31,000. V Square Quantitative Management LLC bought a new position in shares of Comerica during the 3rd quarter worth about $36,000. MCF Advisors LLC boosted its position in shares of Comerica by 56.3% during the 4th quarter. MCF Advisors LLC now owns 633 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 228 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Comerica during the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Comerica Stock Up 0.5 %

Shares of NYSE:CMA opened at $67.13 on Friday. The company has a market capitalization of $8.83 billion, a PE ratio of 13.37 and a beta of 1.25. Comerica Incorporated has a 1 year low of $45.32 and a 1 year high of $73.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. The business has a fifty day moving average price of $64.36 and a two-hundred day moving average price of $62.27.

Comerica (NYSE:CMA) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.05). Comerica had a net margin of 13.98% and a return on equity of 12.04%. During the same quarter in the prior year, the business posted $1.46 EPS. Analysts forecast that Comerica Incorporated will post 5.34 earnings per share for the current year.

Comerica announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 5th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Compass Point upped their price target on Comerica from $64.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley lowered their target price on Comerica from $76.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Piper Sandler lifted their price target on shares of Comerica from $64.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Stephens upped their price objective on shares of Comerica from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group cut shares of Comerica from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $85.00 to $71.00 in a report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $68.57.

Comerica Profile

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities.