Thompson Siegel & Walmsley LLC Makes New Investment in Regions Financial Co. (NYSE:RF)

Thompson Siegel & Walmsley LLC purchased a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 317,000 shares of the bank's stock, valued at approximately $7,396,000.

Several other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank's stock worth $201,238,000 after purchasing an additional 1,014,706 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Regions Financial by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank's stock worth $285,562,000 after buying an additional 979,597 shares during the period. Swedbank AB acquired a new stake in shares of Regions Financial in the first quarter valued at about $19,322,000. AE Wealth Management LLC lifted its position in Regions Financial by 1,533.3% during the 2nd quarter. AE Wealth Management LLC now owns 645,659 shares of the bank's stock worth $12,939,000 after acquiring an additional 606,129 shares in the last quarter. Finally, Interval Partners LP purchased a new position in Regions Financial in the 2nd quarter worth approximately $11,095,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Performance

Regions Financial stock traded up $0.55 during trading hours on Friday, hitting $27.29. The company had a trading volume of 7,976,734 shares, compared to its average volume of 7,929,183. The firm has a 50-day moving average of $23.95 and a 200 day moving average of $21.77. 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 firm has a market cap of $24.80 billion, a PE ratio of 15.11, a PEG ratio of 2.72 and a beta of 1.16. Regions Financial Co. has a one year low of $15.79 and a one year high of $27.32.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share 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 firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $0.49 EPS. The firm's quarterly revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts expect that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.67%. Regions Financial's dividend payout ratio is currently 56.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Regions Financial from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. DA Davidson upped their price target on shares of Regions Financial from $27.00 to $29.00 and gave the company a "buy" rating in a report on Monday, October 21st. Wells Fargo & Company boosted their price objective on Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, November 15th. StockNews.com upgraded Regions Financial from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Finally, Argus upgraded Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 price objective on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Regions Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.41.

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.