Crossmark Global Holdings Inc. Purchases 19,741 Shares of Regions Financial Corporation (NYSE:RF)

Crossmark Global Holdings Inc. raised its holdings in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 516,421 shares of the bank's stock after buying an additional 19,741 shares during the period. Crossmark Global Holdings Inc. owned about 0.06% of Regions Financial worth $11,222,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Regions Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock worth $540,284,000 after buying an additional 403,283 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Regions Financial by 7.7% in the 4th quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock valued at $401,097,000 after acquiring an additional 1,224,645 shares in the last quarter. Invesco Ltd. lifted its position in shares of Regions Financial by 14.5% in the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after acquiring an additional 1,963,954 shares in the last quarter. Norges Bank purchased a new stake in shares of Regions Financial in the 4th quarter valued at approximately $279,103,000. Finally, Northern Trust Corp lifted its position in shares of Regions Financial by 14.8% in the 4th quarter. Northern Trust Corp now owns 9,658,858 shares of the bank's stock valued at $227,176,000 after acquiring an additional 1,247,882 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Performance

NYSE:RF traded down $0.18 during midday trading on Friday, reaching $24.67. The stock had a trading volume of 959,844 shares, compared to its average volume of 8,354,536. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $27.96. The firm's fifty day simple moving average is $22.34 and its 200-day simple moving average is $22.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $22.17 billion, a P/E ratio of 11.86, a PEG ratio of 1.95 and a beta of 0.98.

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

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.05%. Regions Financial's dividend payout ratio is 48.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RF shares. Keefe, Bruyette & Woods reduced 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 report on Monday, April 21st. Cowen started coverage on shares of Regions Financial in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Barclays reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Morgan Stanley increased their target price 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. Finally, Jefferies Financial Group started coverage on shares of Regions Financial in a research report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of "Moderate Buy" and a consensus target price of $26.15.

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.