Tectonic Advisors LLC Boosts Holdings in Regions Financial Co. (NYSE:RF)

Tectonic Advisors LLC raised its stake in shares of Regions Financial Co. (NYSE:RF) by 3.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,534 shares of the bank’s stock after acquiring an additional 608 shares during the period. Tectonic Advisors LLC’s holdings in Regions Financial were worth $432,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RF. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Regions Financial by 2.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 21,086 shares of the bank’s stock valued at $492,000 after purchasing an additional 560 shares during the period. International Assets Investment Management LLC increased its holdings in Regions Financial by 2,128.2% in the third quarter. International Assets Investment Management LLC now owns 98,797 shares of the bank’s stock valued at $2,305,000 after buying an additional 94,363 shares in the last quarter. Heartland Bank & Trust Co raised its position in shares of Regions Financial by 12.3% in the third quarter. Heartland Bank & Trust Co now owns 11,740 shares of the bank’s stock worth $274,000 after acquiring an additional 1,284 shares during the period. Sterling Investment Counsel LLC purchased a new stake in shares of Regions Financial during the 3rd quarter worth about $243,000. Finally, Greenleaf Trust grew its position in shares of Regions Financial by 6.6% during the 3rd quarter. Greenleaf Trust now owns 23,946 shares of the bank’s stock valued at $559,000 after acquiring an additional 1,493 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RF shares. The Goldman Sachs Group increased their price target on Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Bank of America upped their target price on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Morgan Stanley lifted their price target on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday. Finally, Wells Fargo & Company lifted 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 report on Monday, October 21st. 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 stock. According to data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and an average target price of $24.35.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $23.50 on Friday. The business’s 50 day moving average price is $22.91 and its 200 day moving average price is $21.00. The company has a market cap of $21.51 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 2.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a one year low of $13.95 and a one year high of $24.47.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm’s revenue was down 3.7% on a year-over-year basis. On average, research analysts predict that Regions Financial Co. will post 2.05 EPS for the current year.

Regions Financial Announces Dividend

The company 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. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.26%. Regions Financial’s dividend payout ratio (DPR) is 56.50%.

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.