14,387 Shares in Regions Financial Co. (NYSE:RF) Bought by Griffith & Werner Inc.

Griffith & Werner Inc. purchased a new position in Regions Financial Co. (NYSE:RF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,387 shares of the bank's stock, valued at approximately $338,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LBP AM SA increased its holdings in shares of Regions Financial by 149.4% during the 4th quarter. LBP AM SA now owns 730,614 shares of the bank's stock worth $17,184,000 after buying an additional 437,691 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Regions Financial during the fourth quarter worth about $1,965,000. Vest Financial LLC raised its holdings in shares of Regions Financial by 20.4% in the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock worth $34,806,000 after purchasing an additional 250,729 shares during the period. Beacon Capital Management LLC raised its holdings in shares of Regions Financial by 1,099.7% in the 4th quarter. Beacon Capital Management LLC now owns 139,665 shares of the bank's stock worth $3,285,000 after purchasing an additional 128,023 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Regions Financial by 4.0% in the 4th quarter. LPL Financial LLC now owns 939,376 shares of the bank's stock valued at $22,094,000 after purchasing an additional 36,438 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Up 2.0%

Shares of RF traded up $0.43 during midday trading on Tuesday, hitting $21.67. The company had a trading volume of 5,924,065 shares, compared to its average volume of 8,133,130. The stock has a market cap of $19.48 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.93 and a beta of 0.97. The company's 50 day moving average price is $20.73 and its 200 day moving average price is $23.08. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company earned $0.37 earnings per share. On average, equities research analysts predict that Regions Financial Co. will post 2.26 EPS for the current 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 issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. Regions Financial's dividend payout ratio (DPR) is 48.08%.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. This represents a 15.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Stephens dropped their target price on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Barclays reduced their target price on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group decreased their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley cut their price objective on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Finally, Keefe, Bruyette & Woods decreased their target price on Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.80.

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.