Regions Financial Corporation $RF Holdings Increased by BankPlus Trust Department

BankPlus Trust Department lifted its holdings in Regions Financial Corporation (NYSE:RF) by 102.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,082 shares of the bank’s stock after purchasing an additional 20,802 shares during the period. BankPlus Trust Department’s holdings in Regions Financial were worth $1,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RF. State Street Corp grew its holdings in Regions Financial by 6.2% in the 2nd quarter. State Street Corp now owns 50,667,092 shares of the bank’s stock valued at $1,543,092,000 after buying an additional 2,953,594 shares in the last quarter. First Trust Advisors LP increased its position in Regions Financial by 75.7% during the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after purchasing an additional 5,754,487 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Regions Financial by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,827,358 shares of the bank’s stock worth $256,633,000 after purchasing an additional 140,398 shares during the period. Nykredit A S purchased a new position in Regions Financial during the second quarter worth about $236,756,000. Finally, Bank of America Corp DE acquired a new position in Regions Financial in the 2nd quarter valued at about $219,068,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Up 1.2%

Shares of Regions Financial stock opened at $28.85 on Friday. The company has a fifty day simple moving average of $28.21 and a 200-day simple moving average of $28.71. Regions Financial Corporation has a 12-month low of $23.59 and a 12-month high of $32.47. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.15 and a beta of 1.01.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, October 16th. The bank reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business earned $0.63 EPS. Regions Financial’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Regions Financial Corporation will post 2.70 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, December 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.2%. Regions Financial’s payout ratio is 47.06%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Royal Bank Of Canada lowered their price objective on Regions Financial from $34.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, October 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regions Financial in a research note on Thursday, October 15th. Citigroup lowered their price target on Regions Financial from $36.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, October 21st. DA Davidson cut their price objective on Regions Financial from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, October 19th. Finally, Evercore restated an “underperform” rating and issued a $28.00 price objective on shares of Regions Financial in a report on Tuesday, October 27th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Regions Financial has a consensus rating of “Hold” and an average price target of $31.00.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, Regions Bank, provides banking and related financial services to individuals, businesses and institutions. The company’s services include consumer and commercial banking, lending, mortgage banking, treasury and payment services, and wealth management. Regions also offers services such as investment and trust management through its wealth business. Regions traces its history to First Alabama Bancshares, established in 1971, and serves customers across the South and parts of the Midwest and Texas.