Oakworth Capital Inc. Has $3.77 Million Stake in Regions Financial Co. (NYSE:RF)

Oakworth Capital Inc. lifted its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 216.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,414 shares of the bank's stock after acquiring an additional 133,049 shares during the period. Regions Financial makes up 0.3% of Oakworth Capital Inc.'s portfolio, making the stock its 29th biggest position. Oakworth Capital Inc.'s holdings in Regions Financial were worth $3,768,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Yousif Capital Management LLC boosted its stake in shares of Regions Financial by 0.8% in the first quarter. Yousif Capital Management LLC now owns 149,877 shares of the bank's stock valued at $3,336,000 after purchasing an additional 1,249 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Regions Financial by 23.5% in the first quarter. Vontobel Holding Ltd. now owns 24,426 shares of the bank's stock valued at $553,000 after purchasing an additional 4,648 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Regions Financial by 929.9% in the first quarter. Allianz Asset Management GmbH now owns 1,070,728 shares of the bank's stock valued at $23,834,000 after purchasing an additional 966,768 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Regions Financial by 44.7% in the first quarter. Brown Brothers Harriman & Co. now owns 15,715 shares of the bank's stock valued at $350,000 after purchasing an additional 4,852 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Regions Financial by 41.7% in the first quarter. Parkside Financial Bank & Trust now owns 2,505 shares of the bank's stock valued at $56,000 after purchasing an additional 737 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Price Performance

RF traded up $0.05 during trading on Wednesday, reaching $18.86. The stock had a trading volume of 8,079,524 shares, compared to its average volume of 8,583,746. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.08. The stock has a 50 day moving average of $19.25 and a two-hundred day moving average of $17.96.

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

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.09%. Regions Financial's dividend payout ratio (DPR) is currently 45.93%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Regions Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $15.00 to $22.00 in a research report on Tuesday, January 9th. Argus lowered Regions Financial from a "buy" rating to a "hold" rating in a report on Tuesday, January 23rd. Stephens reissued an "equal weight" rating and issued a $21.00 price objective on shares of Regions Financial in a report on Tuesday, January 23rd. Royal Bank of Canada boosted their price objective on Regions Financial from $19.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, January 22nd. Finally, Citigroup raised Regions Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $20.00 to $23.00 in a 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 MarketBeat, Regions Financial has an average rating of "Hold" and a consensus target price 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.