Thompson Siegel & Walmsley LLC Makes New $7.40 Million Investment in Regions Financial Co. (NYSE:RF)

Thompson Siegel & Walmsley LLC acquired a new stake in shares of Regions Financial Co. (NYSE:RF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 317,000 shares of the bank’s stock, valued at approximately $7,396,000.

Other large investors have also recently modified their holdings of the company. American National Bank & Trust grew its position in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after acquiring an additional 1,114 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Regions Financial in the first quarter worth approximately $26,000. Quarry LP increased its stake in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after buying an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Regions Financial during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

RF has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $28.00 in a report on Thursday, October 31st. Barclays increased their price objective on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. The Goldman Sachs Group boosted their target price on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial presently has a consensus rating of “Moderate Buy” and an average target price of $26.41.

Regions Financial Price Performance

RF stock opened at $26.74 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market capitalization of $24.30 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.72 and a beta of 1.16. The firm has a 50 day moving average price of $23.85 and a 200-day moving average price of $21.74. Regions Financial Co. has a 52-week low of $15.79 and a 52-week high of $26.92.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts forecast that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Dividend Announcement

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 $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 3.74%. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

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.