Tidal Investments LLC Raises Stock Position in Regions Financial Co. (NYSE:RF)

Tidal Investments LLC lifted its stake in Regions Financial Co. (NYSE:RF) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,326 shares of the bank’s stock after purchasing an additional 2,531 shares during the period. Tidal Investments LLC’s holdings in Regions Financial were worth $2,971,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RF. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Regions Financial by 7.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 143,852 shares of the bank’s stock valued at $2,883,000 after buying an additional 10,514 shares in the last quarter. Blue Trust Inc. boosted its stake in Regions Financial by 14.7% during the second quarter. Blue Trust Inc. now owns 15,816 shares of the bank’s stock worth $333,000 after acquiring an additional 2,029 shares in the last quarter. Raymond James & Associates grew its holdings in Regions Financial by 1.2% in the second quarter. Raymond James & Associates now owns 1,109,588 shares of the bank’s stock worth $22,236,000 after purchasing an additional 12,663 shares during the period. Western Wealth Management LLC grew its holdings in Regions Financial by 6.7% in the second quarter. Western Wealth Management LLC now owns 27,548 shares of the bank’s stock worth $552,000 after purchasing an additional 1,739 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Regions Financial by 1.8% during the second quarter. Fifth Third Bancorp now owns 57,496 shares of the bank’s stock valued at $1,152,000 after purchasing an additional 1,036 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 0.2 %

NYSE:RF opened at $25.11 on Monday. The company has a market cap of $22.82 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $25.11 and a two-hundred day simple moving average of $22.53. Regions Financial Co. has a 12 month low of $17.42 and a 12 month high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.49 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 firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the company posted $0.49 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. Research analysts forecast that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price target (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. DA Davidson boosted their target price on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $24.00 to $26.00 in a report on Thursday, October 24th. Barclays upped their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Finally, StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Regions Financial has an average rating of “Moderate Buy” and a consensus price target of $27.61.

About Regions Financial

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.