Steward Partners Investment Advisory LLC Increases Position in Regions Financial Co. (NYSE:RF)

Steward Partners Investment Advisory LLC lifted its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 44.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,014 shares of the bank's stock after buying an additional 16,271 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Regions Financial were worth $1,247,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its position in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after acquiring an additional 634 shares during the period. Sierra Ocean LLC acquired a new position in Regions Financial during the fourth quarter worth $28,000. Truvestments Capital LLC purchased a new stake in Regions Financial during the third quarter worth $37,000. Legacy Investment Solutions LLC acquired a new stake in Regions Financial in the third quarter valued at $37,000. Finally, Quarry LP grew its holdings in Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank's stock valued at $40,000 after purchasing an additional 394 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Trading Down 0.8 %

Regions Financial stock traded down $0.16 during trading on Wednesday, reaching $20.83. The company had a trading volume of 1,173,895 shares, compared to its average volume of 7,442,355. The firm has a market capitalization of $18.86 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The stock's 50 day moving average price is $23.81 and its two-hundred day moving average price is $24.05. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96.

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Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The company's revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.80%. Regions Financial's dividend payout ratio (DPR) is currently 51.55%.

Analysts Set New Price Targets

RF has been the topic of several recent research reports. The Goldman Sachs Group boosted their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Compass Point upped their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Regions Financial has an average rating of "Moderate Buy" and an average target price of $27.67.

Regions Financial Company 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.