Greenwood Capital Associates LLC raised its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 42.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,973 shares of the bank's stock after acquiring an additional 21,353 shares during the quarter. Greenwood Capital Associates LLC's holdings in Regions Financial were worth $1,564,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sierra Ocean LLC acquired a new position in shares of Regions Financial during the 4th quarter worth $28,000. Picton Mahoney Asset Management raised its stake in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after buying an additional 1,201 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Regions Financial during the 4th quarter worth $32,000. Creative Capital Management Investments LLC acquired a new position in shares of Regions Financial during the 4th quarter worth $44,000. Finally, Allworth Financial LP raised its stake in shares of Regions Financial by 36.4% during the 4th quarter. Allworth Financial LP now owns 2,560 shares of the bank's stock worth $62,000 after buying an additional 683 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. TD Cowen assumed coverage on Regions Financial in a research note on Thursday, May 15th. They set a "buy" rating and a $31.00 price target for the company. The Goldman Sachs Group dropped their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Citigroup dropped their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, Stephens reiterated an "overweight" rating and set a $24.00 price objective on shares of Regions Financial in a research report on Tuesday, June 3rd. Two investment 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's stock. According to data from MarketBeat.com, Regions Financial has a consensus rating of "Hold" and a consensus target price of $25.80.
Get Our Latest Stock Report on RF
Regions Financial Stock Down 1.0%
Shares of NYSE RF traded down $0.22 during trading on Thursday, reaching $22.07. 8,154,973 shares of the stock were exchanged, compared to its average volume of 8,180,172. The business's 50-day moving average price is $20.79 and its 200 day moving average price is $22.74. Regions Financial Co. has a twelve month low of $17.74 and a twelve month high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96.
Regions Financial (NYSE:RF - Get Free Report) last posted 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. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the company posted $0.37 earnings per share. As a group, equities analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.
Regions Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Monday, June 2nd. Regions Financial's payout ratio is 48.08%.
About Regions Financial
(
Free Report)
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.
Further Reading
Before you consider Regions Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Regions Financial wasn't on the list.
While Regions Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
