Regions Financial Co. (NYSE:RF) Holdings Raised by Signaturefd LLC

Signaturefd LLC raised its stake in shares of Regions Financial Co. (NYSE:RF) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,073 shares of the bank’s stock after buying an additional 601 shares during the period. Signaturefd LLC’s holdings in Regions Financial were worth $562,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Signet Financial Management LLC lifted its stake in 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 acquiring an additional 584 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Regions Financial in the 1st quarter valued at $46,000. Grimes & Company Inc. boosted its holdings in Regions Financial by 65.2% in the first quarter. Grimes & Company Inc. now owns 1,009,593 shares of the bank’s stock worth $21,242,000 after purchasing an additional 398,597 shares in the last quarter. Woodmont Investment Counsel LLC bought a new stake in Regions Financial in the first quarter worth $200,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Regions Financial during the first quarter worth $33,829,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $24.00 to $26.00 in a research note on Thursday. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Thursday. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday. Barclays upped their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday. Finally, Citigroup lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Regions Financial presently has a consensus rating of “Hold” and a consensus price target of $24.35.

Regions Financial Stock Performance

RF opened at $23.75 on Friday. The stock’s 50 day simple moving average is $22.87 and its 200-day simple moving average is $20.98. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock has a market cap of $21.75 billion, a PE ratio of 12.91, 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.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 18.91% and a return on equity of 12.64%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. Sell-side analysts forecast that Regions Financial Co. will post 2.02 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio is 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.