5 Best Regional Bank Dividend Stocks to Buy

In this article, we discuss 5 best regional bank dividend stocks. If you want to read our detailed analysis of the banking sector and its performance over the years, go directly to read 10 Best Regional Bank Dividend Stocks to Buy. 

5. Comerica Incorporated (NYSE:CMA)

Number of Hedge Fund Holders: 46

Comerica Incorporated (NYSE:CMA) is an American financial services company that provides a wide range of related services and products, including services in commercial and retail banking. The company currently offers a quarterly dividend of $0.71 per share, having raised it by 4% in March this year. As of July 26, the stock has a dividend yield of 5.31%.

Comerica Incorporated (NYSE:CMA) was a popular stock among elite money managers tracked by Insider Monkey as of Q1 2023. 46 hedge funds owned stakes in the company in Q1, up from 37 a quarter earlier. These stakes have a consolidated value of over $691.7 million.

Third Avenue Management mentioned Comerica Incorporated (NYSE:CMA) in its Q1 2023 investor letter. Here is what the firm has to say:

The largest detractors from Fund performance during the quarter included two banks, Comerica Incorporated (NYSE:CMA) and Deutsche Bank. As it relates to the Fund specifically, events within U.S. banking applied most directly to our investment in Comerica, a U.S. super-regional that does have a large portion of corporate deposits and is not classified as a globally systemically important bank (“G-SIB”), which means it has not recognized certain mark-to-market securities losses in its regulatory capital. Comerica was a 2.6% position at the beginning of the quarter, prior to a roughly 34% stock price decline during the quarter. (Click here to read the full text)