Larson Financial Group LLC Has $451,000 Stock Position in Regions Financial Corporation (NYSE:RF)

Larson Financial Group LLC lifted its stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 605.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,732 shares of the bank's stock after purchasing an additional 17,795 shares during the period. Larson Financial Group LLC's holdings in Regions Financial were worth $451,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of RF. Millstone Evans Group LLC bought a new position in shares of Regions Financial in the 4th quarter worth approximately $32,000. Rossby Financial LCC purchased a new stake in shares of Regions Financial during the first quarter valued at $36,000. Grove Bank & Trust raised its position in shares of Regions Financial by 76.6% in the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock worth $41,000 after acquiring an additional 814 shares during the period. Allworth Financial LP grew its stake in shares of Regions Financial by 30.7% in the 1st quarter. Allworth Financial LP now owns 3,346 shares of the bank's stock valued at $69,000 after buying an additional 786 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Regions Financial by 181.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,225 shares of the bank's stock valued at $76,000 after purchasing an additional 2,078 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Cowen began coverage on shares of Regions Financial in a report on Wednesday, May 14th. They set a "buy" rating on the stock. Jefferies Financial Group initiated coverage on shares of Regions Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price target for the company. Morgan Stanley upped their price target on shares of Regions Financial from $22.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 3rd. Stephens reaffirmed an "overweight" rating and issued a $24.00 price target on shares of Regions Financial in a research note on Tuesday, June 3rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Regions Financial has an average rating of "Moderate Buy" and a consensus price target of $26.15.

Regions Financial Trading Up 2.0%

Shares of NYSE:RF opened at $24.57 on Friday. The company has a market cap of $22.08 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.80 and a beta of 0.98. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The stock has a 50 day moving average of $22.68 and a 200 day moving average of $22.41. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. During the same quarter in the previous year, the company posted $0.37 earnings per share. As a group, equities research analysts expect that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 4.31%. This is an increase from Regions Financial's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. Regions Financial's dividend payout ratio (DPR) is 48.08%.

Regions Financial 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.

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