Centennial Bank AR Decreases Holdings in Regions Financial Co. (NYSE:RF)

Centennial Bank AR trimmed its position in shares of Regions Financial Co. (NYSE:RF) by 64.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,690 shares of the bank’s stock after selling 3,064 shares during the period. Centennial Bank AR’s holdings in Regions Financial were worth $34,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc lifted its holdings in Regions Financial by 4.8% in the fourth quarter. TD Asset Management Inc now owns 680,448 shares of the bank’s stock worth $13,187,000 after acquiring an additional 31,157 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Regions Financial by 12.3% during the 4th quarter. Stifel Financial Corp now owns 293,432 shares of the bank’s stock valued at $5,687,000 after buying an additional 32,085 shares during the period. Bank of Nova Scotia boosted its stake in shares of Regions Financial by 33.4% during the 4th quarter. Bank of Nova Scotia now owns 121,051 shares of the bank’s stock valued at $2,346,000 after buying an additional 30,284 shares during the period. California State Teachers Retirement System boosted its stake in shares of Regions Financial by 6.6% during the 4th quarter. California State Teachers Retirement System now owns 1,662,179 shares of the bank’s stock valued at $32,213,000 after buying an additional 102,314 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its stake in shares of Regions Financial by 109.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 54,494 shares of the bank’s stock valued at $1,056,000 after buying an additional 28,460 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RF shares. Morgan Stanley raised their price target on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Keefe, Bruyette & Woods dropped their target price on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Evercore ISI dropped their target price on shares of Regions Financial from $22.00 to $21.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Finally, Wedbush upgraded shares of Regions Financial from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $23.00 to $28.00 in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.06.

Regions Financial Price Performance

NYSE:RF opened at $22.54 on Wednesday. The firm has a market cap of $20.64 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $23.47. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $22.20 and its two-hundred day moving average price is $20.58.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. On average, equities analysts anticipate that Regions Financial Co. will post 2.01 EPS for the current fiscal year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.44%. The ex-dividend date was Tuesday, September 3rd. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. Regions Financial’s payout ratio is 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.