Capital Advisors Inc. OK Acquires Shares of 100,100 Regions Financial Co. (NYSE:RF)

Capital Advisors Inc. OK acquired a new stake in Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 100,100 shares of the bank's stock, valued at approximately $1,940,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Regions Financial in the third quarter valued at about $26,000. Dark Forest Capital Management LP bought a new position in shares of Regions Financial during the first quarter valued at approximately $26,000. Sound Income Strategies LLC raised its stake in Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank's stock worth $29,000 after buying an additional 750 shares in the last quarter. HM Payson & Co. lifted its holdings in Regions Financial by 2,000.0% during the third quarter. HM Payson & Co. now owns 2,100 shares of the bank's stock worth $36,000 after buying an additional 2,000 shares during the period. Finally, West Paces Advisors Inc. boosted its position in Regions Financial by 277.2% during the 3rd quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank's stock valued at $41,000 after acquiring an additional 1,752 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Argus downgraded shares of Regions Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, January 23rd. Royal Bank of Canada raised their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, January 22nd. Citigroup upgraded Regions Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $23.00 in a research note on Monday, March 18th. Evercore ISI upped their target price on Regions Financial from $20.00 to $22.00 and gave the stock an "in-line" rating in a research note on Thursday, March 28th. Finally, Barclays reissued an "underweight" rating and issued a $22.00 price target (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $20.39.

Regions Financial Trading Down 1.1 %

NYSE RF traded down $0.22 on Friday, reaching $19.19. 6,276,907 shares of the company were exchanged, compared to its average volume of 7,377,149. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The business's fifty day moving average price is $19.21 and its 200 day moving average price is $17.93. The stock has a market capitalization of $17.63 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.09). Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the prior year, the company posted $0.67 EPS. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. Analysts forecast 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. Stockholders of record on Friday, March 1st were issued a $0.24 dividend. The ex-dividend date 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%.

About Regions Financial

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.