Greenleaf Trust Purchases 1,493 Shares of Regions Financial Co. (NYSE:RF)

Greenleaf Trust lifted its position in Regions Financial Co. (NYSE:RF) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,946 shares of the bank’s stock after acquiring an additional 1,493 shares during the period. Greenleaf Trust’s holdings in Regions Financial were worth $559,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of Regions Financial in the 1st quarter worth approximately $26,000. American National Bank & Trust raised its stake in Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after buying an additional 1,114 shares during the last quarter. Quarry LP grew its stake in shares of Regions Financial by 157.2% in the second 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. increased its holdings in shares of Regions Financial by 75.6% during the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after acquiring an additional 618 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Regions Financial by 530.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after purchasing an additional 1,256 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

NYSE RF opened at $23.50 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. The business’s fifty day moving average is $22.91 and its 200 day moving average is $21.00. The company has a market capitalization of $21.52 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17. Regions Financial Co. has a fifty-two week low of $13.95 and a fifty-two week high of $24.47.

Regions Financial (NYSE:RF) last announced 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). Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The company’s revenue was down 3.7% compared to the same quarter last year. Sell-side analysts predict that Regions Financial Co. will post 2.02 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.26%. Regions Financial’s dividend payout ratio (DPR) is presently 54.35%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RF. Wedbush raised their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their price objective on shares of Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $24.00 to $26.00 in a research note on Thursday. DA Davidson boosted their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods dropped their price objective 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.35.

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.