Csenge Advisory Group Raises Stock Holdings in Regions Financial Co. (NYSE:RF)

Csenge Advisory Group grew its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 55.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 74,355 shares of the bank's stock after acquiring an additional 26,565 shares during the quarter. Csenge Advisory Group's holdings in Regions Financial were worth $1,749,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd increased its holdings in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after acquiring an additional 634 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Regions Financial in the 3rd quarter valued at about $37,000. Legacy Investment Solutions LLC acquired a new stake in shares of Regions Financial in the 3rd quarter valued at about $37,000. Quarry LP boosted its position in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank's stock valued at $40,000 after purchasing an additional 394 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Regions Financial in the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RF. The Goldman Sachs Group upped their target price on Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Compass Point upped their target price on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised Regions Financial from a "market perform" rating to an "outperform" rating and upped their target price for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. Citigroup increased their price objective on Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft raised Regions Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.67.

Regions Financial Stock Performance

Shares of RF stock traded down $0.47 during trading hours on Thursday, reaching $24.06. 8,375,367 shares of the company's stock were exchanged, compared to its average volume of 7,919,897. The company has a market cap of $21.86 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company's 50 day moving average is $24.15 and its two-hundred day moving average is $23.88. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $0.39 EPS. Regions Financial's quarterly revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's payout ratio is currently 51.55%.

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.