Vaughan David Investments LLC IL Cuts Position in Regions Financial Co. (NYSE:RF)

Vaughan David Investments LLC IL cut its stake in Regions Financial Co. (NYSE:RF - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,350,940 shares of the bank's stock after selling 65,704 shares during the period. Regions Financial comprises about 1.3% of Vaughan David Investments LLC IL's holdings, making the stock its 15th largest holding. Vaughan David Investments LLC IL owned about 0.26% of Regions Financial worth $55,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. grew its stake in shares of Regions Financial by 20.0% during the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank's stock worth $35,445,000 after purchasing an additional 253,708 shares in the last quarter. Aprio Wealth Management LLC acquired a new position in shares of Regions Financial in the 4th quarter valued at $1,247,000. Nordea Investment Management AB raised its stake in Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock worth $6,220,000 after acquiring an additional 99,115 shares in the last quarter. Commerce Bank lifted its position in Regions Financial by 392.5% in the third quarter. Commerce Bank now owns 248,325 shares of the bank's stock valued at $5,793,000 after acquiring an additional 197,900 shares during the last quarter. Finally, Vest Financial LLC grew its holdings in shares of Regions Financial by 20.4% during the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock worth $34,806,000 after purchasing an additional 250,729 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Regions Financial stock traded up $0.31 during mid-day trading on Friday, hitting $23.71. 8,334,005 shares of the company were exchanged, compared to its average volume of 7,973,182. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The business's 50 day simple moving average is $24.06 and its two-hundred day simple moving average is $23.97. The company has a market capitalization of $21.47 billion, a P/E ratio of 12.22, a PEG ratio of 1.93 and a beta of 1.20.

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

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 annualized dividend and a yield of 4.22%. Regions Financial's payout ratio is currently 51.55%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Morgan Stanley reissued an "equal weight" rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Compass Point lifted their price objective on 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 increased their target price 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. Finally, Barclays lifted their price target on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Regions Financial currently has a consensus rating of "Moderate Buy" and a consensus 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.