International Assets Investment Management LLC Increases Stock Position in Regions Financial Co. (NYSE:RF)

International Assets Investment Management LLC grew its position in Regions Financial Co. (NYSE:RF - Free Report) by 2,128.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,797 shares of the bank's stock after purchasing an additional 94,363 shares during the quarter. International Assets Investment Management LLC's holdings in Regions Financial were worth $2,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new position in Regions Financial in the first quarter valued at approximately $26,000. American National Bank & Trust grew its position in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock valued at $27,000 after buying an additional 1,114 shares during the last quarter. Quarry LP raised its stake in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank's stock worth $27,000 after acquiring an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank's stock valued at $30,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Regions Financial in the second quarter valued at $32,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Wall Street Analysts Forecast Growth

RF has been the subject of several research reports. Morgan Stanley boosted their target price on Regions Financial from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Tuesday, July 30th. Truist Financial boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Monday, October 21st. StockNews.com upgraded shares of Regions Financial from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Barclays upped their price target on shares of Regions Financial from $22.00 to $25.00 and gave the company an "underweight" rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada raised their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.45.

Regions Financial Price Performance

Regions Financial stock traded down $0.17 during midday trading on Monday, reaching $23.39. The company's stock had a trading volume of 6,051,053 shares, compared to its average volume of 7,910,785. 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 fifty-two week low of $14.86 and a fifty-two week high of $24.47. The firm has a market capitalization of $21.40 billion, a PE ratio of 13.24, a P/E/G ratio of 2.50 and a beta of 1.16. The stock's 50 day simple moving average is $23.09 and its 200 day simple moving average is $21.18.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts' consensus estimates 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 period in the prior year, the firm posted $0.49 EPS. The firm's quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts forecast that Regions Financial Co. will post 2.1 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial's dividend payout ratio (DPR) is 56.50%.

About Regions Financial

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.