Nisa Investment Advisors LLC Purchases 34,285 Shares of Regions Financial Corporation (NYSE:RF)

Nisa Investment Advisors LLC increased its stake in Regions Financial Corporation (NYSE:RF - Free Report) by 11.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,585 shares of the bank's stock after purchasing an additional 34,285 shares during the quarter. Nisa Investment Advisors LLC's holdings in Regions Financial were worth $7,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RF. Foster Victor Wealth Advisors LLC grew its stake in Regions Financial by 5.4% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 304,011 shares of the bank's stock valued at $6,606,000 after acquiring an additional 15,652 shares in the last quarter. LBP AM SA grew its stake in Regions Financial by 149.4% during the 4th quarter. LBP AM SA now owns 730,614 shares of the bank's stock valued at $17,184,000 after acquiring an additional 437,691 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Regions Financial by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,428,091 shares of the bank's stock valued at $52,762,000 after acquiring an additional 21,169 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in Regions Financial by 62.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank's stock valued at $440,000 after acquiring an additional 7,822 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Regions Financial by 13.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 157,566 shares of the bank's stock valued at $3,424,000 after acquiring an additional 18,684 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RF shares. Jefferies Financial Group started coverage on Regions Financial in a report on Wednesday, May 21st. They set a "hold" rating and a $24.00 price target for the company. Morgan Stanley lifted their price target on Regions Financial from $22.00 to $27.00 and gave the company an "equal weight" rating in a report on Thursday, July 3rd. Cowen started coverage on Regions Financial in a report on Wednesday, May 14th. They set a "buy" rating for the company. Keefe, Bruyette & Woods reduced their price target on Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Finally, Wells Fargo & Company reduced their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.15.

Regions Financial Stock Performance

Shares of RF stock traded down $0.16 during trading hours on Friday, reaching $24.68. 6,445,149 shares of the company's stock were exchanged, compared to its average volume of 8,346,350. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The stock has a market capitalization of $22.19 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.95 and a beta of 0.98. The business has a fifty day moving average price of $22.41 and a 200-day moving average price of $22.37. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.36.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly 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 return on equity of 13.04% and a net margin of 21.43%. The company 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. Analysts predict that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.05%. Regions Financial's dividend payout ratio (DPR) is presently 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.