HighTower Advisors LLC Cuts Stock Holdings in Regions Financial Co. (NYSE:RF)

HighTower Advisors LLC lowered its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 16.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 207,254 shares of the bank's stock after selling 39,677 shares during the period. HighTower Advisors LLC's holdings in Regions Financial were worth $4,834,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RF. American National Bank & Trust lifted its stake in Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock valued at $27,000 after purchasing an additional 1,114 shares during the last quarter. Quarry LP boosted its position in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after acquiring an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Regions Financial by 530.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank's stock valued at $30,000 after purchasing an additional 1,256 shares during the period. Innealta Capital LLC purchased a new position in Regions Financial during the second quarter worth about $32,000. Finally, EdgeRock Capital LLC purchased a new position in shares of Regions Financial during the second quarter worth about $33,000. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Up 0.3 %

Shares of NYSE:RF traded up $0.07 during trading on Wednesday, hitting $25.40. The stock had a trading volume of 8,176,001 shares, compared to its average volume of 7,874,186. 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 12 month low of $17.18 and a 12 month high of $27.96. The company has a market capitalization of $23.09 billion, a PE ratio of 14.35, a PEG ratio of 2.72 and a beta of 1.19. The firm's fifty day moving average is $25.01 and its 200 day moving average is $22.45.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business's quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. Analysts anticipate that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial's dividend payout ratio is 56.50%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RF shares. Wells Fargo & Company lifted their price target on Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. DA Davidson boosted their price target on shares of Regions Financial from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Barclays raised their price objective on Regions Financial from $22.00 to $25.00 and gave the company an "underweight" rating in a research note on Monday, October 21st. Wedbush increased their target price on Regions Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group lifted their price target on Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.61.

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.