Vontobel Holding Ltd. Buys 1,620 Shares of Regions Financial Co. (NYSE:RF)

Vontobel Holding Ltd. grew its stake in Regions Financial Co. (NYSE:RF) by 15.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,445 shares of the bank’s stock after acquiring an additional 1,620 shares during the period. Vontobel Holding Ltd.’s holdings in Regions Financial were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. American National Bank & Trust grew its stake in shares of Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Regions Financial in the 1st quarter valued at approximately $26,000. Quarry LP boosted its stake in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the last quarter. MV Capital Management Inc. increased its stake in Regions Financial by 75.6% in the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after purchasing an additional 618 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after purchasing an additional 1,256 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on RF shares. The Goldman Sachs Group lifted their target price on Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Keefe, Bruyette & Woods decreased their price objective on Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. StockNews.com downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Evercore ISI upped their price target on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $23.64.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $23.64 on Wednesday. The company has a 50-day simple moving average of $22.76 and a two-hundred day simple moving average of $20.94. Regions Financial Co. has a twelve month low of $13.72 and a twelve month high of $24.47. The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. Analysts forecast that Regions Financial Co. will post 2.02 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. 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.