Foster & Motley Inc. Has $3.23 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Foster & Motley Inc. trimmed its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 166,386 shares of the bank's stock after selling 39,205 shares during the quarter. Foster & Motley Inc.'s holdings in Regions Financial were worth $3,225,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. boosted its position in Regions Financial by 16.5% during the fourth quarter. Whittier Trust Co. now owns 3,881 shares of the bank's stock worth $75,000 after purchasing an additional 549 shares in the last quarter. Pinnacle Financial Partners Inc raised its holdings in shares of Regions Financial by 0.4% in the fourth quarter. Pinnacle Financial Partners Inc now owns 144,317 shares of the bank's stock worth $2,797,000 after acquiring an additional 606 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Regions Financial by 2.6% in the fourth quarter. SG Americas Securities LLC now owns 25,569 shares of the bank's stock worth $496,000 after acquiring an additional 654 shares during the last quarter. Bangor Savings Bank raised its holdings in shares of Regions Financial by 1.5% in the fourth quarter. Bangor Savings Bank now owns 45,952 shares of the bank's stock worth $891,000 after acquiring an additional 667 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its holdings in shares of Regions Financial by 3.7% in the fourth quarter. Perigon Wealth Management LLC now owns 20,029 shares of the bank's stock worth $388,000 after acquiring an additional 709 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Trading Up 0.8 %

NYSE:RF traded up $0.16 on Tuesday, hitting $19.34. 10,539,465 shares of the stock were exchanged, compared to its average volume of 8,801,468. The stock has a market cap of $17.77 billion, a PE ratio of 10.51, a PEG ratio of 1.37 and a beta of 1.21. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average of $19.36 and a 200-day moving average of $18.05. 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 issued its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.75 billion. During the same period in the previous year, the company earned $0.62 EPS. Regions Financial's quarterly revenue was down 10.5% on a year-over-year basis. As a group, equities analysts expect that Regions Financial Co. will post 1.97 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial's payout ratio is 52.17%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RF. Evercore ISI boosted their price target on Regions Financial from $20.00 to $22.00 and gave the stock an "in-line" rating in a report on Thursday, March 28th. Stephens reissued an "equal weight" rating and issued a $21.00 price target on shares of Regions Financial in a report on Tuesday, January 23rd. Citigroup upgraded Regions Financial from a "neutral" rating to a "buy" rating and upped their target price for the company from $20.00 to $23.00 in a research note on Monday, March 18th. Keefe, Bruyette & Woods upped their target price on Regions Financial from $21.00 to $22.00 and gave the company a "market perform" rating in a research note on Friday, April 5th. Finally, Jefferies Financial Group upgraded Regions Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $15.00 to $22.00 in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $20.17.

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.