Capital Investment Advisors LLC Grows Stock Holdings in Regions Financial Co. (NYSE:RF)

Capital Investment Advisors LLC lifted its stake in Regions Financial Co. (NYSE:RF) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,327 shares of the bank’s stock after purchasing an additional 702 shares during the quarter. Capital Investment Advisors LLC’s holdings in Regions Financial were worth $614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. American National Bank & Trust grew its position in Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,114 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Regions Financial during the first quarter worth $26,000. Quarry LP raised its stake in Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the last quarter. MV Capital Management Inc. lifted its position in Regions Financial by 75.6% during the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after acquiring an additional 618 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Regions Financial by 530.0% during the 2nd 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 last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their price target on Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. Keefe, Bruyette & Woods decreased their target price on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Citigroup upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. The Goldman Sachs Group raised their target price on Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Bank of America raised their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Regions Financial currently has an average rating of “Hold” and an average price target of $22.86.

Regions Financial Price Performance

Shares of RF stock opened at $23.82 on Monday. The firm has a market cap of $21.81 billion, a P/E ratio of 12.95, a P/E/G ratio of 2.80 and a beta of 1.17. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $24.47. The firm has a fifty day moving average of $22.65 and a two-hundred day moving average of $20.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. Regions Financial’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, research analysts anticipate that Regions Financial Co. will post 2.02 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio is currently 54.35%.

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.