Pathstone Holdings LLC Buys 3,222 Shares of Regions Financial Co. (NYSE:RF)

Pathstone Holdings LLC grew its position in Regions Financial Co. (NYSE:RF) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,376 shares of the bank’s stock after purchasing an additional 3,222 shares during the period. Pathstone Holdings LLC’s holdings in Regions Financial were worth $6,263,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bessemer Group Inc. lifted its position in shares of Regions Financial by 281.7% during the 1st quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock worth $1,675,000 after buying an additional 58,739 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Regions Financial during the first quarter worth $26,000. CreativeOne Wealth LLC boosted its position in Regions Financial by 68.6% in the first quarter. CreativeOne Wealth LLC now owns 33,353 shares of the bank’s stock worth $702,000 after purchasing an additional 13,568 shares during the last quarter. Quadrature Capital Ltd boosted its position in Regions Financial by 330.4% in the first quarter. Quadrature Capital Ltd now owns 68,032 shares of the bank’s stock worth $1,431,000 after purchasing an additional 52,226 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in Regions Financial by 2.2% in the 1st quarter. 1832 Asset Management L.P. now owns 116,701 shares of the bank’s stock valued at $2,455,000 after purchasing an additional 2,520 shares during the period. 79.39% of the stock is owned by institutional investors.

Regions Financial Price Performance

NYSE:RF opened at $27.29 on Friday. Regions Financial Co. has a 52-week low of $15.79 and a 52-week high of $27.32. The stock has a fifty day moving average of $23.95 and a 200 day moving average of $21.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market capitalization of $24.80 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 2.72 and a beta of 1.16.

Regions Financial (NYSE:RF) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. On average, research analysts expect that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Announces Dividend

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RF shares. Barclays boosted their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Argus raised shares of 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, October 24th. Morgan Stanley lifted their price target on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Citigroup increased their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday. Finally, DA Davidson upped their price target on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.41.

Regions Financial Company 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.