GWM Advisors LLC raised its position in Regions Financial Corp (NYSE:RF) by 27.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,188 shares of the bank’s stock after acquiring an additional 4,594 shares during the period. GWM Advisors LLC’s holdings in Regions Financial were worth $389,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its holdings in shares of Regions Financial by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 293,277 shares of the bank’s stock worth $5,214,000 after buying an additional 2,696 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its holdings in shares of Regions Financial by 13.1% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 24,320 shares of the bank’s stock worth $432,000 after buying an additional 2,809 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Regions Financial by 87.3% in the 2nd quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock worth $107,000 after buying an additional 2,825 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Regions Financial by 1.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 170,864 shares of the bank’s stock worth $3,135,000 after buying an additional 2,908 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Regions Financial by 61.6% in the 2nd quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock worth $141,000 after buying an additional 2,933 shares in the last quarter. 74.02% of the stock is owned by hedge funds and other institutional investors.
RF has been the subject of a number of recent research reports. Wedbush set a $22.00 target price on Regions Financial and gave the stock a “buy” rating in a report on Friday, September 7th. 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. B. Riley set a $20.00 target price on Regions Financial and gave the stock a “hold” rating in a report on Monday, October 15th. Finally, Raymond James dropped their target price on Regions Financial from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $18.91.
NYSE RF opened at $17.26 on Monday. The company has a market cap of $19.03 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. Regions Financial Corp has a one year low of $15.06 and a one year high of $20.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88.
Regions Financial (NYSE:RF) last released its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Regions Financial had a return on equity of 10.15% and a net margin of 26.39%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. Analysts forecast that Regions Financial Corp will post 1.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 3.24%. Regions Financial’s dividend payout ratio (DPR) is presently 56.00%.
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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