Regions Financial Co. (NYSE:RF) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its position in Regions Financial Co. (NYSE:RF) by 46.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,194 shares of the bank’s stock after purchasing an additional 7,378 shares during the period. Blue Trust Inc.’s holdings in Regions Financial were worth $541,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Regions Financial by 1.1% in the third quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after buying an additional 480 shares in the last quarter. IFG Advisory LLC increased its holdings in shares of Regions Financial by 1.8% in the second quarter. IFG Advisory LLC now owns 30,928 shares of the bank’s stock valued at $620,000 after buying an additional 546 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Regions Financial by 0.6% in the first quarter. HB Wealth Management LLC now owns 96,720 shares of the bank’s stock valued at $2,035,000 after buying an additional 551 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Regions Financial by 2.8% in the first quarter. Perigon Wealth Management LLC now owns 20,594 shares of the bank’s stock valued at $433,000 after buying an additional 565 shares in the last quarter. Finally, Signet Financial Management LLC increased its holdings in shares of Regions Financial by 4.9% in the first quarter. Signet Financial Management LLC now owns 12,438 shares of the bank’s stock valued at $262,000 after buying an additional 584 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on RF. Morgan Stanley upped their price target on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Royal Bank of Canada upped their price target on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Barclays boosted their target price on shares of Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Monday. Wells Fargo & Company boosted their target price on shares of Regions Financial from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Wedbush boosted their target price on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.64.

Regions Financial Trading Up 0.0 %

Shares of NYSE:RF opened at $23.64 on Wednesday. The stock has a market capitalization of $21.65 billion, a PE ratio of 12.85, 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 price of $22.76 and a 200 day moving average price of $20.94. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33.

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

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio is presently 54.35%.

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.