By otakuyassine3@gmail.com 
Comerica Incorporated (NYSE:CMA – Free Report) – Equities researchers at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Comerica in a research report issued to clients and investors on Thursday, January 23rd. DA Davidson analyst P. Winter expects that the financial services provider will earn $1.01 per share for the quarter. DA Davidson has a “Neutral” rating and a $67.00 price objective on the stock. The consensus estimate for Comerica’s current full-year earnings is $5.36 per share. DA Davidson also issued estimates for Comerica’s FY2025 earnings at $5.78 EPS.
A number of other research firms have also weighed in on CMA. Keefe, Bruyette & Woods reduced their price objective on shares of Comerica from $82.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Stephens upped their price objective on Comerica from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Compass Point boosted their price target on Comerica from $64.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays upped their target price on shares of Comerica from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Finally, Piper Sandler boosted their price target on Comerica from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. 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 company’s stock. Based on data from MarketBeat.com, Comerica has an average rating of “Hold” and a consensus target price of $68.33.
Check Out Our Latest Report on Comerica
Comerica Price Performance
Shares of NYSE CMA opened at $63.48 on Monday. Comerica has a fifty-two week low of $45.32 and a fifty-two week high of $73.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 12.64 and a beta of 1.26. The company has a 50 day simple moving average of $65.37 and a two-hundred day simple moving average of $61.11.
Comerica (NYSE:CMA – Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 EPS for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the firm posted $1.46 earnings per share.
Hedge Funds Weigh In On Comerica
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wedmont Private Capital raised its stake in Comerica by 2.4% in the fourth quarter. Wedmont Private Capital now owns 7,870 shares of the financial services provider’s stock valued at $474,000 after buying an additional 186 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Comerica by 5.2% in the 4th quarter. Blue Trust Inc. now owns 4,040 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 200 shares during the period. MCF Advisors LLC grew its stake in 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 buying an additional 228 shares during the last quarter. Centennial Wealth Advisory LLC increased its holdings in shares of Comerica by 5.2% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,068 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 252 shares during the period. Finally, Trust Co. of Vermont boosted its stake in shares of 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 buying an additional 321 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Comerica
In other Comerica news, EVP Allysun C. Fleming sold 1,392 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $68.83, for a total value of $95,811.36. Following the completion of the transaction, the executive vice president now owns 8,730 shares of the company’s stock, valued at $600,885.90. This trade represents a 13.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is owned by insiders.
Comerica declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 5th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
Comerica Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Friday, December 13th. Comerica’s dividend payout ratio (DPR) is presently 56.57%.
About Comerica
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.
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