Country Club Trust Company n.a. increased its holdings in shares of Regions Financial Corp (NYSE:RF) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 468,846 shares of the bank’s stock after buying an additional 9,344 shares during the quarter. Country Club Trust Company n.a.’s holdings in Regions Financial were worth $8,603,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RF. Ladenburg Thalmann Financial Services Inc. grew its holdings in Regions Financial by 29.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,564 shares of the bank’s stock worth $845,000 after acquiring an additional 10,359 shares during the period. LPL Financial LLC grew its holdings in Regions Financial by 51.6% in the first quarter. LPL Financial LLC now owns 206,786 shares of the bank’s stock valued at $3,842,000 after purchasing an additional 70,382 shares during the last quarter. Royal Bank of Canada grew its holdings in Regions Financial by 35.8% in the first quarter. Royal Bank of Canada now owns 1,339,772 shares of the bank’s stock valued at $24,893,000 after purchasing an additional 353,370 shares during the last quarter. CIBC World Markets Inc. grew its holdings in Regions Financial by 338.2% in the first quarter. CIBC World Markets Inc. now owns 130,811 shares of the bank’s stock valued at $2,430,000 after purchasing an additional 100,957 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in Regions Financial by 1,646.8% in the first quarter. Summit Trail Advisors LLC now owns 134,102 shares of the bank’s stock valued at $134,000 after purchasing an additional 126,425 shares during the last quarter. Hedge funds and other institutional investors own 73.85% of the company’s stock.
Shares of NYSE:RF opened at $17.64 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. Regions Financial Corp has a 52-week low of $15.06 and a 52-week high of $20.21. The firm has a market capitalization of $19.03 billion, a PE ratio of 17.64, a P/E/G ratio of 0.97 and a beta of 1.29.
Regions Financial (NYSE:RF) last issued its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04). Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Regions Financial Corp will post 1.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be given a $0.14 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 3.17%. Regions Financial’s dividend payout ratio is currently 56.00%.
RF has been the topic of several research reports. Wedbush set a $22.00 target price on Regions Financial and gave the company a “buy” rating in a report on Friday, September 7th. Raymond James lowered their target price on Regions Financial from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. B. Riley set a $20.00 target price on Regions Financial and gave the company a “hold” rating in a report on Monday, October 15th. Finally, Vining Sparks reissued a “buy” rating and issued a $22.00 target price on shares of Regions Financial in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Regions Financial has a consensus rating of “Buy” and an average target price of $18.91.
Regions Financial Company Profile
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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