Thompson Siegel & Walmsley LLC Buys Shares of 317,000 Regions Financial Co. (NYSE:RF)

Thompson Siegel & Walmsley LLC purchased a new position in Regions Financial Co. (NYSE:RF) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 317,000 shares of the bank’s stock, valued at approximately $7,396,000.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in shares of Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after buying an additional 1,014,706 shares during the period. Dimensional Fund Advisors LP boosted its stake in Regions Financial by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock worth $285,562,000 after acquiring an additional 979,597 shares in the last quarter. Swedbank AB acquired a new stake in Regions Financial in the first quarter worth $19,322,000. AE Wealth Management LLC increased its stake in Regions Financial by 1,533.3% in the second quarter. AE Wealth Management LLC now owns 645,659 shares of the bank’s stock valued at $12,939,000 after purchasing an additional 606,129 shares in the last quarter. Finally, Interval Partners LP acquired a new position in shares of Regions Financial during the second quarter valued at about $11,095,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Performance

NYSE RF opened at $26.74 on Friday. The company has a 50-day simple moving average of $23.85 and a 200 day simple moving average of $21.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 52-week low of $15.79 and a 52-week high of $26.92. The company has a market capitalization of $24.30 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16.

Regions Financial (NYSE:RF) last announced its quarterly earnings data 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 firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, research analysts predict that Regions Financial Co. will post 2.12 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. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s payout ratio is currently 56.50%.

Analyst Ratings Changes

A number of research firms recently weighed in on RF. Morgan Stanley upped their price target on Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, October 24th. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a report on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Finally, Evercore ISI raised their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.41.

Regions Financial Company 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.