11,433 Shares in Regions Financial Co. (NYSE:RF) Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. purchased a new stake in Regions Financial Co. (NYSE:RF - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,433 shares of the bank's stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in Regions Financial by 11.6% in the fourth quarter. Empowered Funds LLC now owns 17,874 shares of the bank's stock valued at $420,000 after acquiring an additional 1,857 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Regions Financial in the 4th quarter valued at about $2,024,000. AlphaStar Capital Management LLC boosted its position in shares of Regions Financial by 22.2% in the 4th quarter. AlphaStar Capital Management LLC now owns 17,779 shares of the bank's stock valued at $418,000 after purchasing an additional 3,231 shares during the period. Kestra Private Wealth Services LLC grew its stake in Regions Financial by 2.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 149,286 shares of the bank's stock worth $3,511,000 after buying an additional 3,978 shares during the last quarter. Finally, Savant Capital LLC increased its position in Regions Financial by 7.4% during the fourth quarter. Savant Capital LLC now owns 64,039 shares of the bank's stock worth $1,506,000 after buying an additional 4,402 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Price Performance

Shares of RF traded up $0.28 during mid-day trading on Tuesday, hitting $22.37. The company's stock had a trading volume of 10,581,422 shares, compared to its average volume of 8,686,879. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The firm has a market capitalization of $20.10 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.93 and a beta of 0.96. The firm has a 50-day simple moving average of $20.66 and a 200 day simple moving average of $22.74.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $0.37 EPS. Analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio is currently 48.08%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RF shares. Wells Fargo & Company reduced their price objective on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Morgan Stanley reduced their price target on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. TD Cowen initiated coverage on shares of Regions Financial in a research note on Thursday, May 15th. They set a "buy" rating and a $31.00 price target for the company. Cowen started coverage on shares of Regions Financial in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. Finally, Stephens reaffirmed an "overweight" rating and issued a $24.00 target price on shares of Regions Financial in a 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 issued a buy rating to the stock. According to data from MarketBeat, Regions Financial currently has an average rating of "Hold" and a consensus price target of $25.80.

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.