Integrated Advisors Network LLC Has $1.15 Million Holdings in Regions Financial Co. (NYSE:RF)

Integrated Advisors Network LLC boosted its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 71.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,937 shares of the bank's stock after buying an additional 20,443 shares during the period. Integrated Advisors Network LLC's holdings in Regions Financial were worth $1,151,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RF. Janney Montgomery Scott LLC raised its holdings in Regions Financial by 12.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 75,504 shares of the bank's stock worth $1,776,000 after buying an additional 8,579 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Regions Financial by 22.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,216 shares of the bank's stock valued at $358,000 after purchasing an additional 2,822 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Regions Financial in the fourth quarter valued at approximately $225,000. Pacer Advisors Inc. raised its holdings in shares of Regions Financial by 51.7% in the fourth quarter. Pacer Advisors Inc. now owns 102,951 shares of the bank's stock valued at $2,421,000 after purchasing an additional 35,099 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in shares of Regions Financial by 74.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 21,879 shares of the bank's stock valued at $515,000 after purchasing an additional 9,371 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Stephens lowered their price objective on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Jefferies Financial Group assumed coverage on shares of Regions Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price objective on the stock. The Goldman Sachs Group lowered their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Regions Financial currently has an average rating of "Moderate Buy" and a consensus target price of $25.80.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by company insiders.

Regions Financial Stock Performance

RF stock traded down $0.32 during midday trading on Wednesday, reaching $21.35. 6,733,669 shares of the company were exchanged, compared to its average volume of 8,136,341. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The business has a 50-day moving average price of $20.73 and a two-hundred day moving average price of $23.07. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The firm has a market capitalization of $19.19 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97.

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 analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the business posted $0.37 earnings per share. Equities research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.68%. Regions Financial's payout ratio is presently 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.