Regions Financial Corporation (NYSE:RF) Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 397,566 shares of the bank's stock after purchasing an additional 37,057 shares during the period. Asset Management One Co. Ltd.'s holdings in Regions Financial were worth $8,639,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. GHP Investment Advisors Inc. lifted its holdings in shares of Regions Financial by 2.2% during the first quarter. GHP Investment Advisors Inc. now owns 163,623 shares of the bank's stock valued at $3,556,000 after purchasing an additional 3,578 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Regions Financial by 390.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 70,436 shares of the bank's stock worth $1,531,000 after acquiring an additional 56,065 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Regions Financial by 12.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 156,593 shares of the bank's stock worth $3,403,000 after acquiring an additional 16,801 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in Regions Financial in the 1st quarter worth about $1,225,000. Finally, Monte Financial Group LLC lifted its stake in Regions Financial by 1.3% in the 1st quarter. Monte Financial Group LLC now owns 239,514 shares of the bank's stock worth $5,205,000 after acquiring an additional 2,991 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RF. Cowen began coverage on Regions Financial in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. JPMorgan Chase & Co. reduced their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. 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. Wall Street Zen downgraded Regions Financial from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Morgan Stanley reduced their price objective on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Regions Financial presently has an average rating of "Hold" and a consensus target price of $25.80.

Regions Financial Stock Performance

Shares of NYSE RF opened at $23.40 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $21.03 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.85 and a beta of 0.96. The business's 50-day simple moving average is $21.56 and its 200-day simple moving average is $22.38. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 13.04% and a net margin of 21.43%. During the same quarter in the prior year, the firm posted $0.37 EPS. As a group, equities research analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

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