Tounjian Advisory Partners LLC Buys Shares of 60,950 Regions Financial Co. (NYSE:RF)

Tounjian Advisory Partners LLC bought a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 60,950 shares of the bank's stock, valued at approximately $1,324,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Prossimo Advisors LLC raised its stake in shares of Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after purchasing an additional 430 shares during the period. Lake Street Advisors Group LLC grew its holdings in shares of Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after buying an additional 436 shares in the last quarter. Lido Advisors LLC raised its position in Regions Financial by 2.6% in the 4th quarter. Lido Advisors LLC now owns 22,291 shares of the bank's stock valued at $530,000 after buying an additional 558 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Regions Financial by 20.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,316 shares of the bank's stock valued at $86,000 after acquiring an additional 567 shares in the last quarter. Finally, Dean Capital Management lifted its stake in Regions Financial by 0.8% in the 4th quarter. Dean Capital Management now owns 73,151 shares of the bank's stock valued at $1,721,000 after acquiring an additional 593 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RF shares. Barclays decreased their price target on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Stephens reaffirmed an "overweight" rating and issued a $24.00 target price on shares of Regions Financial in a research report on Tuesday, June 3rd. Citigroup cut their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. The Goldman Sachs Group reduced their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Cowen initiated coverage on Regions Financial in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Regions Financial currently has an average rating of "Hold" and a consensus target price of $25.80.

Regions Financial Stock Performance

RF traded down $0.22 during trading on Thursday, hitting $22.07. The stock had a trading volume of 8,154,973 shares, compared to its average volume of 8,191,560. 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 50 day moving average price of $20.79 and a 200-day moving average price of $22.74. Regions Financial Co. has a one year low of $17.74 and a one year high of $27.96. The firm has a market cap of $19.84 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 1.93 and a beta of 0.96.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the business posted $0.37 earnings per share. As a group, research analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.53%. Regions Financial's payout ratio is 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.