Moors & Cabot Inc. Has $479,000 Stock Position in Regions Financial Co. (NYSE:RF)

Moors & Cabot Inc. lessened its stake in Regions Financial Co. (NYSE:RF) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,890 shares of the bank’s stock after selling 1,400 shares during the quarter. Moors & Cabot Inc.’s holdings in Regions Financial were worth $479,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RF. EntryPoint Capital LLC acquired a new stake in shares of Regions Financial in the first quarter valued at about $26,000. MV Capital Management Inc. increased its stake in shares of Regions Financial by 75.6% during the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after purchasing an additional 618 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Regions Financial in the 4th quarter valued at about $28,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Regions Financial by 530.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Regions Financial in the 2nd quarter valued at about $32,000. Institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RF shares. Keefe, Bruyette & Woods dropped their price objective on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Bank of America increased their price target on Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Royal Bank of Canada lifted their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Finally, Jefferies Financial Group lifted their target price on shares of Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Regions Financial has a consensus rating of “Hold” and an average price target of $21.57.

Regions Financial Stock Up 2.9 %

RF stock opened at $23.37 on Friday. The firm has a 50-day moving average price of $22.02 and a 200-day moving average price of $20.39. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $23.47. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $21.40 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 2.82 and a beta of 1.17.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm’s revenue was down 11.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Regions Financial Co. will post 2 EPS for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be paid a $0.25 dividend. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, September 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.28%. Regions Financial’s payout ratio is currently 54.35%.

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.