Bleakley Financial Group LLC Buys 751 Shares of Regions Financial Co. (NYSE:RF)

Bleakley Financial Group LLC boosted its stake in shares of Regions Financial Co. (NYSE:RF) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,200 shares of the bank’s stock after purchasing an additional 751 shares during the quarter. Bleakley Financial Group LLC’s holdings in Regions Financial were worth $821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings 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 purchasing an additional 480 shares during the last quarter. IFG Advisory LLC grew its stake in shares of Regions Financial by 1.8% during the second quarter. IFG Advisory LLC now owns 30,928 shares of the bank’s stock worth $620,000 after acquiring an additional 546 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Regions Financial by 0.6% during the first quarter. HB Wealth Management LLC now owns 96,720 shares of the bank’s stock valued at $2,035,000 after acquiring an additional 551 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Regions Financial by 2.8% during the first quarter. Perigon Wealth Management LLC now owns 20,594 shares of the bank’s stock valued at $433,000 after acquiring an additional 565 shares in the last quarter. Finally, Signet Financial Management LLC raised its position in shares of Regions Financial by 4.9% in the 1st quarter. Signet Financial Management LLC now owns 12,438 shares of the bank’s stock valued at $262,000 after purchasing an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RF. Wedbush upgraded shares of Regions Financial from a “neutral” rating to an “outperform” rating and upped their price target for the company from $23.00 to $28.00 in a research note on Tuesday, September 24th. Wells Fargo & Company upped their target price on Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Evercore ISI lifted their price target on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods cut their price objective on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Finally, StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.86.

Regions Financial Stock Down 0.7 %

Regions Financial stock opened at $23.82 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $21.81 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17. The business has a 50 day simple moving average of $22.65 and a 200-day simple moving average of $20.89. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $24.47.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm posted $0.49 EPS. Regions Financial’s revenue was down 3.7% compared to the same quarter last year. On average, analysts anticipate that Regions Financial Co. will post 2.02 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.20%. The ex-dividend date is Monday, December 2nd. Regions Financial’s payout ratio is 54.35%.

About Regions Financial

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.