Integrated Advisors Network LLC Makes New Investment in Regions Financial Co. (NYSE:RF)

Integrated Advisors Network LLC purchased a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 28,494 shares of the bank's stock, valued at approximately $665,000.

Several other institutional investors have also made changes to their positions in RF. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Regions Financial by 6.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,822,420 shares of the bank's stock worth $59,384,000 after acquiring an additional 171,280 shares during the period. Norden Group LLC bought a new position in shares of Regions Financial in the first quarter worth about $459,000. First Trust Direct Indexing L.P. bought a new position in shares of Regions Financial in the first quarter worth about $204,000. J.W. Cole Advisors Inc. lifted its position in shares of Regions Financial by 6.0% during the 1st quarter. J.W. Cole Advisors Inc. now owns 25,359 shares of the bank's stock worth $534,000 after purchasing an additional 1,439 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Regions Financial by 49.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 479,770 shares of the bank's stock valued at $9,847,000 after purchasing an additional 158,215 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Price Performance

RF traded down $0.31 during midday trading on Friday, hitting $23.56. The company had a trading volume of 6,232,090 shares, compared to its average volume of 7,919,557. Regions Financial Co. has a twelve month low of $14.60 and a twelve month high of $24.47. 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's 50-day simple moving average is $23.09 and its 200-day simple moving average is $21.14. The company has a market capitalization of $21.56 billion, a PE ratio of 13.31, a P/E/G ratio of 2.52 and a beta of 1.17.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (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 firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company posted $0.49 EPS. The firm's quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts predict that Regions Financial Co. will post 2.1 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 4.24%. Regions Financial's dividend payout ratio is currently 56.50%.

Analyst Ratings Changes

Several research analysts have commented on the company. Stephens raised Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research report on Tuesday. Royal Bank of Canada upped their target price on shares of Regions Financial from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, July 22nd. Evercore ISI raised their price target on shares of Regions Financial from $24.50 to $26.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 2nd. StockNews.com raised shares of Regions Financial from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on Regions Financial from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Regions Financial has an average rating of "Moderate Buy" and an average target price of $25.45.

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.