Greenwich Wealth Management LLC Purchases 867 Shares of Regions Financial Co. (NYSE:RF)

Greenwich Wealth Management LLC lifted its position in Regions Financial Co. (NYSE:RF) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,512 shares of the bank’s stock after acquiring an additional 867 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Regions Financial were worth $2,142,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RF. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Regions Financial in the 3rd quarter worth about $26,000. Dark Forest Capital Management LP purchased a new position in Regions Financial in the 1st quarter worth about $26,000. Sound Income Strategies LLC increased its stake in Regions Financial by 103.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after buying an additional 750 shares during the period. HM Payson & Co. increased its stake in Regions Financial by 2,000.0% in the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock worth $36,000 after buying an additional 2,000 shares during the period. Finally, West Paces Advisors Inc. increased its stake in Regions Financial by 277.2% in the 3rd quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock worth $41,000 after buying an additional 1,752 shares during the period. Institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

RF has been the topic of several recent analyst reports. Morgan Stanley raised their price target on shares of Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Argus downgraded shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Keefe, Bruyette & Woods raised their price target on shares of Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Stephens reissued an “equal weight” rating and set a $21.00 target price on shares of Regions Financial in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada raised their target price on shares of Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.39.

Regions Financial Stock Down 0.5 %

Shares of NYSE:RF traded down $0.10 during trading on Friday, reaching $18.90. The stock had a trading volume of 18,046,100 shares, compared to its average volume of 5,998,578. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08. The company has a market capitalization of $17.37 billion, a P/E ratio of 10.27, a PEG ratio of 1.36 and a beta of 1.21. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $19.32 and its 200 day simple moving average is $18.01.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. As a group, research analysts expect that Regions Financial Co. will post 1.97 EPS 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. Investors of record on Monday, June 3rd will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

Regions Financial Company 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.