Robeco Institutional Asset Management B.V. Sells 114,235 Shares of Regions Financial Co. (NYSE:RF)

Robeco Institutional Asset Management B.V. decreased its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 57.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,754 shares of the bank's stock after selling 114,235 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Regions Financial were worth $1,977,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Westbourne Investment Advisors Inc. acquired a new stake in Regions Financial in the third quarter worth about $202,000. Van ECK Associates Corp boosted its stake in shares of Regions Financial by 59.0% in the 3rd quarter. Van ECK Associates Corp now owns 37,721 shares of the bank's stock valued at $891,000 after purchasing an additional 13,999 shares during the last quarter. Confluence Wealth Services Inc. grew its position in shares of Regions Financial by 6.1% during the 3rd quarter. Confluence Wealth Services Inc. now owns 48,251 shares of the bank's stock worth $1,126,000 after buying an additional 2,757 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Regions Financial by 16.4% in the third quarter. Janney Montgomery Scott LLC now owns 66,925 shares of the bank's stock valued at $1,561,000 after buying an additional 9,407 shares during the period. Finally, Prossimo Advisors LLC lifted its holdings in Regions Financial by 9.9% in the third quarter. Prossimo Advisors LLC now owns 18,840 shares of the bank's stock valued at $440,000 after buying an additional 1,700 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RF shares. Argus raised shares of Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 target price for the company in a report on Thursday, October 24th. Stephens raised Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price target for the company in a research note on Tuesday, October 29th. Citigroup lifted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Barclays increased their target price on shares of Regions Financial from $22.00 to $25.00 and gave the stock an "underweight" rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group boosted their price target on shares of Regions Financial from $25.00 to $28.00 and gave the company a "buy" rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Regions Financial has an average rating of "Moderate Buy" and a consensus price target of $25.45.

Regions Financial Stock Up 0.8 %

NYSE:RF traded up $0.21 on Friday, hitting $25.62. 6,487,977 shares of the company's stock were exchanged, compared to its average volume of 8,398,264. The company has a market cap of $23.28 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 2.75 and a beta of 1.16. The firm has a 50-day moving average price of $23.27 and a 200-day moving average price of $21.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a 52 week low of $14.86 and a 52 week high of $26.33.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company 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 business's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. As a group, analysts expect that Regions Financial Co. will post 2.1 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued 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 3.90%. Regions Financial's payout ratio 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.