First Citizens Bank & Trust Co. Has $14.50 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

First Citizens Bank & Trust Co. increased its holdings in shares of Regions Financial Co. (NYSE:RF) by 39.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 621,472 shares of the bank’s stock after purchasing an additional 177,155 shares during the quarter. First Citizens Bank & Trust Co. owned 0.07% of Regions Financial worth $14,499,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. raised its stake in shares of Regions Financial by 8.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 17,642 shares of the bank’s stock valued at $346,000 after purchasing an additional 1,401 shares during the period. Quadrature Capital Ltd lifted its stake in Regions Financial by 8.2% in the 4th quarter. Quadrature Capital Ltd now owns 15,806 shares of the bank’s stock valued at $306,000 after acquiring an additional 1,196 shares in the last quarter. CWM LLC lifted its stake in Regions Financial by 1.4% in the 1st quarter. CWM LLC now owns 41,137 shares of the bank’s stock valued at $866,000 after acquiring an additional 556 shares in the last quarter. GAMMA Investing LLC boosted its position in Regions Financial by 10.1% during the 1st quarter. GAMMA Investing LLC now owns 9,792 shares of the bank’s stock worth $206,000 after acquiring an additional 900 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Regions Financial in the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Down 0.7 %

Shares of Regions Financial stock opened at $23.82 on Friday. The stock’s 50-day simple moving average is $22.65 and its 200 day simple moving average is $20.88. Regions Financial Co. has a 52-week low of $13.72 and a 52-week high of $24.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $21.81 billion, a P/E ratio of 12.95, a P/E/G ratio of 2.80 and a beta of 1.17.

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

Regions Financial Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on RF shares. Citigroup boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. The Goldman Sachs Group increased their price objective on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Wedbush raised shares of Regions Financial from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $23.00 to $28.00 in a research report on Tuesday, September 24th. Bank of America boosted their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company raised their target price on shares of Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.86.

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.