Regions Financial Co. (NYSE:RF) Holdings Raised by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL grew its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,470,891 shares of the bank's stock after purchasing an additional 811,174 shares during the period. Regions Financial comprises about 1.3% of Vaughan David Investments LLC IL's holdings, making the stock its 20th biggest holding. Vaughan David Investments LLC IL owned 0.27% of Regions Financial worth $47,886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of RF. Vanguard Group Inc. grew its stake in Regions Financial by 2.7% in the third quarter. Vanguard Group Inc. now owns 114,585,518 shares of the bank's stock valued at $1,970,871,000 after purchasing an additional 2,982,310 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Regions Financial by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank's stock worth $925,780,000 after buying an additional 4,160,768 shares during the period. State Street Corp boosted its holdings in shares of Regions Financial by 0.4% during the 1st quarter. State Street Corp now owns 50,312,924 shares of the bank's stock worth $943,529,000 after buying an additional 189,323 shares during the period. Morgan Stanley boosted its holdings in Regions Financial by 16.1% in the 4th quarter. Morgan Stanley now owns 20,189,021 shares of the bank's stock valued at $435,275,000 after purchasing an additional 2,802,291 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Regions Financial by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,169,876 shares of the bank's stock valued at $346,922,000 after purchasing an additional 618,384 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RF. Jefferies Financial Group raised shares of Regions Financial from a "hold" rating to a "buy" rating and raised their price objective for the stock from $15.00 to $22.00 in a report on Tuesday, January 9th. Barclays reiterated an "underweight" rating and set a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a research report on Tuesday, January 2nd. Royal Bank of Canada increased their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, January 22nd. StockNews.com cut shares of Regions Financial from a "hold" rating to a "sell" rating in a research report on Tuesday, February 6th. Finally, Citigroup upgraded shares of Regions Financial from a "neutral" rating to a "buy" rating and increased their target price for the stock from $20.00 to $23.00 in a research report on Monday, March 18th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Regions Financial presently has a consensus rating of "Hold" and a consensus price target of $20.39.

Regions Financial Stock Down 1.1 %

Shares of NYSE RF traded down $0.22 during midday trading on Friday, reaching $19.19. The company's stock had a trading volume of 6,259,481 shares, compared to its average volume of 8,632,895. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.42 and a beta of 1.21. The stock has a 50 day simple moving average of $19.19 and a 200-day simple moving average of $17.91.

Regions Financial (NYSE:RF - Get Free Report) last issued its earnings results on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.09). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. Regions Financial's quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Equities research analysts predict that Regions Financial Co. will post 1.98 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 annualized dividend and a dividend yield of 5.00%. Regions Financial's dividend payout ratio is currently 45.93%.

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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