Regions Financial Co. (NYSE:RF) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance boosted its holdings in shares of Regions Financial Co. (NYSE:RF) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,381 shares of the bank’s stock after buying an additional 1,315 shares during the period. Independent Advisor Alliance’s holdings in Regions Financial were worth $989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. increased its stake in Regions Financial by 11.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 111,293 shares of the bank’s stock valued at $2,596,000 after purchasing an additional 11,087 shares in the last quarter. Centaurus Financial Inc. increased its position in shares of Regions Financial by 5.9% in the 3rd quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock valued at $228,000 after acquiring an additional 540 shares during the period. Lane & Associates LLC purchased a new position in Regions Financial in the 3rd quarter worth $293,000. Cerity Partners LLC lifted its position in Regions Financial by 9.7% during the 3rd quarter. Cerity Partners LLC now owns 483,032 shares of the bank’s stock worth $11,269,000 after acquiring an additional 42,520 shares during the period. Finally, Waddell & Associates LLC grew its stake in Regions Financial by 13.6% during the 3rd quarter. Waddell & Associates LLC now owns 35,461 shares of the bank’s stock valued at $827,000 after purchasing an additional 4,241 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Shares of NYSE RF opened at $27.30 on Wednesday. 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 cap of $24.81 billion, a PE ratio of 15.42, a PEG ratio of 2.83 and a beta of 1.16. Regions Financial Co. has a one year low of $15.79 and a one year high of $27.96. The firm has a fifty day moving average of $24.25 and a 200 day moving average of $21.96.

Regions Financial (NYSE:RF) last released its earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. As a group, research analysts predict that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 dividend yield of 3.66%. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday. DA Davidson raised their price target on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price objective on shares of 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 raised shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Evercore ISI boosted their target price on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and a consensus target price of $26.71.

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.