Bruce G. Allen Investments LLC grew its position in Regions Financial Co. (NYSE:RF – Free Report) by 28.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,070 shares of the bank’s stock after acquiring an additional 678 shares during the period. Bruce G. Allen Investments LLC’s holdings in Regions Financial were worth $72,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in RF. Quarry LP raised its stake in shares of Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after buying an additional 394 shares during the last quarter. Private Advisor Group LLC boosted its position in Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after purchasing an additional 429 shares during the period. CWM LLC boosted its stake in shares of Regions Financial by 1.1% during the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after buying an additional 480 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Regions Financial by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after buying an additional 506 shares during the period. Finally, Centaurus Financial Inc. grew its position in Regions Financial by 5.9% in the 3rd quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock worth $228,000 after purchasing an additional 540 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.
Regions Financial Stock Performance
Shares of RF traded down $0.76 during midday trading on Friday, reaching $23.06. 4,216,999 shares of the stock were exchanged, compared to its average volume of 7,728,582. Regions Financial Co. has a twelve month low of $17.42 and a twelve month high of $27.96. The company has a market cap of $20.96 billion, a P/E ratio of 13.03, a PEG ratio of 2.61 and a beta of 1.19. The stock’s 50 day simple moving average is $25.18 and its 200 day simple moving average is $23.17. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.
Regions Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 4.34%. Regions Financial’s dividend payout ratio is presently 56.50%.
Analysts Set New Price Targets
RF has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Wells Fargo & Company raised their target price on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Barclays increased their price target on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday. Finally, Compass Point raised their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.
View Our Latest Research Report on RF
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.
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