Quest Partners LLC Raises Position in Regions Financial Co. (NYSE:RF)

Quest Partners LLC increased its position in Regions Financial Co. (NYSE:RF - Free Report) by 15,187,000.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,871 shares of the bank's stock after buying an additional 151,870 shares during the quarter. Regions Financial accounts for approximately 0.3% of Quest Partners LLC's investment portfolio, making the stock its 26th largest position. Quest Partners LLC's holdings in Regions Financial were worth $3,543,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of RF. Private Advisor Group LLC increased its stake in Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock valued at $581,000 after purchasing an additional 429 shares in the last quarter. CWM LLC raised its stake in Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank's stock valued at $988,000 after acquiring an additional 480 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Regions Financial by 2.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank's stock valued at $515,000 after buying an additional 506 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Regions Financial by 2.8% in the third quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank's stock worth $473,000 after acquiring an additional 545 shares during the period. Finally, IFG Advisory LLC grew its holdings in Regions Financial by 1.8% during the 2nd quarter. IFG Advisory LLC now owns 30,928 shares of the bank's stock valued at $620,000 after buying an additional 546 shares in the last quarter. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Performance

Shares of Regions Financial stock traded down $0.03 during trading on Monday, hitting $26.33. 6,366,197 shares of the company's stock traded hands, compared to its average volume of 7,947,292. Regions Financial Co. has a 1 year low of $15.79 and a 1 year high of $26.73. The business has a 50-day simple moving average of $23.61 and a 200-day simple moving average of $21.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $23.93 billion, a P/E ratio of 14.89, a PEG ratio of 2.76 and a beta of 1.16.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. 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 previous year, the firm earned $0.49 earnings per share. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. As a group, analysts forecast that Regions Financial Co. will post 2.1 EPS for the current year.

Regions Financial Announces Dividend

The company 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. This represents a $1.00 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Monday, December 2nd. Regions Financial's payout ratio is currently 56.50%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Regions Financial from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a "hold" rating to a "buy" rating and boosted their price objective for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. Wedbush lifted their price objective on Regions Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Stephens raised Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a research report on Tuesday, October 29th. Finally, Citigroup lifted their price target on Regions Financial from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.18.

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.