Gulf International Bank UK Ltd decreased its holdings in Regions Financial Co. (NYSE:RF – Free Report) by 8.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 77,682 shares of the bank’s stock after selling 7,064 shares during the period. Gulf International Bank UK Ltd’s holdings in Regions Financial were worth $1,505,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Dark Forest Capital Management LP bought a new position in Regions Financial in the 1st quarter valued at about $26,000. Sound Income Strategies LLC increased its holdings in Regions Financial by 103.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after buying an additional 750 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new position in Regions Financial in the 3rd quarter valued at about $26,000. Harbour Investments Inc. increased its holdings in Regions Financial by 715.1% in the 4th quarter. Harbour Investments Inc. now owns 1,891 shares of the bank’s stock valued at $41,000 after buying an additional 1,659 shares during the period. Finally, HM Payson & Co. increased its holdings in Regions Financial by 2,000.0% in the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock valued at $36,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Regions Financial from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Monday, January 22nd. Stephens reaffirmed an “equal weight” rating and set a $21.00 price target on shares of Regions Financial in a report on Tuesday, January 23rd. Barclays reissued an “underweight” rating and set a $22.00 target price (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Finally, Jefferies Financial Group raised shares of Regions Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $15.00 to $22.00 in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.23.
Get Our Latest Research Report on RF
Regions Financial Stock Down 1.5 %
Shares of NYSE RF opened at $19.85 on Friday. The company has a market capitalization of $18.23 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. Regions Financial Co. has a 52-week low of $13.72 and a 52-week high of $21.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The company’s 50 day moving average price is $18.75 and its 200-day moving average price is $17.67.
Regions Financial (NYSE:RF – Get Free Report) last released its earnings results on Friday, January 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. The firm’s revenue was down 9.5% on a year-over-year basis. Equities analysts forecast that Regions Financial Co. will post 1.98 earnings per share for the current year.
Regions Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 4.84%. Regions Financial’s dividend payout ratio (DPR) is presently 45.93%.
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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