XY Planning Network Inc. Buys New Shares in Regions Financial Co. (NYSE:RF)

XY Planning Network Inc. acquired a new stake in shares of Regions Financial Co. (NYSE:RF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,925 shares of the bank's stock, valued at approximately $280,000.

A number of other hedge funds have also recently modified their holdings of RF. Merit Financial Group LLC bought a new stake in Regions Financial during the fourth quarter valued at about $263,000. SG Americas Securities LLC raised its holdings in Regions Financial by 195.1% during the fourth quarter. SG Americas Securities LLC now owns 133,514 shares of the bank's stock valued at $3,140,000 after acquiring an additional 88,274 shares during the period. Janney Montgomery Scott LLC raised its holdings in Regions Financial by 12.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 75,504 shares of the bank's stock valued at $1,776,000 after acquiring an additional 8,579 shares during the period. CX Institutional raised its holdings in Regions Financial by 3.5% during the fourth quarter. CX Institutional now owns 17,821 shares of the bank's stock valued at $419,000 after acquiring an additional 599 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in Regions Financial by 9.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 124,884 shares of the bank's stock valued at $2,937,000 after acquiring an additional 10,491 shares during the period. Institutional investors own 79.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on RF shares. Keefe, Bruyette & Woods dropped their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Cowen started coverage on shares of Regions Financial in a report on Wednesday, May 14th. They set a "buy" rating for the company. JPMorgan Chase & Co. dropped their price objective on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. TD Cowen started coverage on shares of Regions Financial in a report on Thursday, May 15th. They set a "buy" rating and a $31.00 price objective for the company. Finally, Wells Fargo & Company dropped their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.80.

Insiders Place Their Bets

In related news, Director Joia M. Johnson bought 2,300 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company's stock, valued at approximately $370,353.48. The trade was a 15.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.29% of the company's stock.

Regions Financial Trading Down 0.7%

RF stock traded down $0.15 during mid-day trading on Friday, reaching $21.42. The company had a trading volume of 12,193,658 shares, compared to its average volume of 8,156,350. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market capitalization of $19.26 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. The firm has a 50 day moving average of $20.69 and a 200 day moving average of $22.99. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same period in the prior year, the firm earned $0.37 EPS. On average, equities analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.67%. Regions Financial's dividend payout ratio is currently 48.08%.

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.