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

FMR LLC grew its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,109,633 shares of the bank's stock after buying an additional 241,838 shares during the quarter. FMR LLC owned 0.34% of Regions Financial worth $72,548,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Regions Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank's stock worth $648,269,000 after buying an additional 816,226 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Regions Financial by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank's stock valued at $285,562,000 after purchasing an additional 979,597 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Regions Financial by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank's stock valued at $201,238,000 after purchasing an additional 1,014,706 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Regions Financial by 0.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,226,353 shares of the bank's stock valued at $191,921,000 after purchasing an additional 61,426 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Regions Financial by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 2,965,126 shares of the bank's stock valued at $59,421,000 after purchasing an additional 433,319 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Argus upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 price target for the company in a report on Thursday, October 24th. Evercore ISI raised their target price on shares of Regions Financial from $24.50 to $26.00 and gave the company an "in-line" rating in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Regions Financial from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Wedbush raised their target price on shares of Regions Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, Barclays raised their target price on shares of Regions Financial from $22.00 to $25.00 and gave the company an "underweight" rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $27.18.

Regions Financial Trading Down 0.2 %

Shares of RF traded down $0.04 during mid-day trading on Friday, hitting $26.25. The company had a trading volume of 4,042,405 shares, compared to its average volume of 7,867,053. The business's 50-day simple moving average is $24.85 and its 200-day simple moving average is $22.30. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Regions Financial Co. has a 1-year low of $16.86 and a 1-year high of $27.96. The stock has a market cap of $23.86 billion, a PE ratio of 14.83, a P/E/G ratio of 2.73 and a beta of 1.19.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share 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 analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company's quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. Sell-side analysts forecast that Regions Financial Co. will post 2.12 earnings per share 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. Regions Financial's dividend payout ratio (DPR) is 56.50%.

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.