Main Street Research LLC Invests $11.47 Million in Regions Financial Co. (NYSE:RF)

Main Street Research LLC bought a new position in Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 591,770 shares of the bank's stock, valued at approximately $11,469,000. Main Street Research LLC owned 0.06% of Regions Financial as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RF. SVB Wealth LLC purchased a new position in shares of Regions Financial during the fourth quarter valued at approximately $257,000. Mn Services Vermogensbeheer B.V. increased its position in Regions Financial by 0.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 448,505 shares of the bank's stock valued at $8,692,000 after purchasing an additional 3,300 shares during the period. Capital Advisors Inc. OK purchased a new position in Regions Financial during the 4th quarter valued at $1,940,000. Louisiana State Employees Retirement System bought a new position in Regions Financial in the 4th quarter worth $1,089,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Regions Financial in the 4th quarter worth about $565,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Performance

RF stock traded down $0.42 during trading on Tuesday, reaching $18.80. The stock had a trading volume of 7,244,646 shares, compared to its average volume of 8,590,594. The firm has a market cap of $17.27 billion, a PE ratio of 9.20, a PEG ratio of 1.38 and a beta of 1.21. 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 stock's 50 day moving average is $19.24 and its two-hundred day moving average is $17.95. Regions Financial Co. has a 52 week low of $13.72 and a 52 week high of $21.08.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.09). The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. Regions Financial's revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. As a group, equities analysts anticipate that Regions Financial Co. will post 1.98 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Thursday, February 29th. Regions Financial's dividend payout ratio is presently 45.93%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RF. Royal Bank of Canada increased their price target on shares of Regions Financial from $19.00 to $21.00 and gave the stock an "outperform" rating in a research note on Monday, January 22nd. Morgan Stanley raised their target price on Regions Financial from $21.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, January 30th. Stephens reaffirmed an "equal weight" rating and issued a $21.00 price target on shares of Regions Financial in a research note on Tuesday, January 23rd. Keefe, Bruyette & Woods increased their price objective on Regions Financial from $21.00 to $22.00 and gave the stock a "market perform" rating in a report on Friday, April 5th. Finally, Argus cut shares of Regions Financial from a "buy" rating to a "hold" rating in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $20.39.

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.