Edgestream Partners L.P. Invests $3.57 Million in Regions Financial Co. (NYSE:RF)

Edgestream Partners L.P. bought a new position in shares of Regions Financial Co. (NYSE:RF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 152,787 shares of the bank’s stock, valued at approximately $3,565,000.

A number of other large investors have also modified their holdings of RF. American National Bank & Trust grew its holdings 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 buying an additional 1,114 shares in the last quarter. Quarry LP grew its holdings in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of 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 valued at $30,000 after purchasing an additional 1,256 shares during the period. Innealta Capital LLC purchased a new stake in shares of Regions Financial in the second quarter valued at about $32,000. Finally, EdgeRock Capital LLC purchased a new stake in shares of Regions Financial in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

RF has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. DA Davidson increased their target price on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Barclays increased their target price on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Finally, StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.71.

Regions Financial Stock Up 0.0 %

Shares of NYSE:RF opened at $27.26 on Monday. The firm’s 50 day moving average price is $24.50 and its 200 day moving average price is $22.11. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.82 and a beta of 1.16. Regions Financial Co. has a fifty-two week low of $16.51 and a fifty-two week high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. As a group, equities research analysts predict that Regions Financial Co. will post 2.12 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.67%. Regions Financial’s payout ratio is currently 56.50%.

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.