Oppenheimer & Co. Inc. Grows Holdings in Regions Financial Corporation (NYSE:RF)

Oppenheimer & Co. Inc. boosted its holdings in Regions Financial Corporation (NYSE:RF - Free Report) by 390.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,436 shares of the bank's stock after purchasing an additional 56,065 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Regions Financial were worth $1,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management increased its stake in Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after buying an additional 1,201 shares during the period. Millstone Evans Group LLC acquired a new position in Regions Financial in the 4th quarter valued at $32,000. Grove Bank & Trust increased its stake in Regions Financial by 76.6% in the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after buying an additional 814 shares during the period. TD Waterhouse Canada Inc. increased its stake in 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 buying an additional 2,078 shares during the period. Finally, Proathlete Wealth Management LLC acquired a new position in Regions Financial in the 1st quarter valued at $77,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on RF. JPMorgan Chase & Co. dropped their price objective on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Barclays lowered their price target on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Citigroup lowered their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Keefe, Bruyette & Woods lowered their price target on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Finally, Cowen initiated coverage on shares of Regions Financial in a research note on Wednesday, May 14th. They set a "buy" rating on the stock. Two 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.80.

Regions Financial Price Performance

Regions Financial stock opened at $23.40 on Friday. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week 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 0.36. The firm's 50-day simple moving average is $21.56 and its 200 day simple moving average is $22.38. The firm has a market capitalization of $21.03 billion, a PE ratio of 11.25, a P/E/G ratio of 1.85 and a beta of 0.96.

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

Regions Financial Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. Regions Financial's dividend payout ratio (DPR) is 48.08%.

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.

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