Mutual of America Capital Management LLC Has $2.39 Million Stake in Regions Financial Co. (NYSE:RF)

Mutual of America Capital Management LLC lifted its holdings in shares of Regions Financial Co. (NYSE:RFGet Rating) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,430 shares of the bank’s stock after buying an additional 1,712 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Regions Financial were worth $2,389,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Regions Financial by 8.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 599,230 shares of the bank’s stock worth $13,339,000 after buying an additional 45,132 shares during the period. Van ECK Associates Corp grew its position in shares of Regions Financial by 6.3% during the 1st quarter. Van ECK Associates Corp now owns 24,234 shares of the bank’s stock worth $539,000 after buying an additional 1,440 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in shares of Regions Financial by 305.6% during the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 48,281 shares of the bank’s stock worth $905,000 after buying an additional 36,378 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Regions Financial by 5.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 271,513 shares of the bank’s stock valued at $5,193,000 after purchasing an additional 13,551 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in Regions Financial by 248.9% during the second quarter. Vontobel Holding Ltd. now owns 85,216 shares of the bank’s stock valued at $1,640,000 after purchasing an additional 60,790 shares during the period. Institutional investors and hedge funds own 73.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RF shares. Compass Point decreased their price objective on shares of Regions Financial to $23.00 in a report on Thursday, October 20th. Stephens boosted their price objective on shares of Regions Financial from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday, October 25th. Morgan Stanley decreased their price objective on shares of Regions Financial from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Wednesday, October 5th. StockNews.com started coverage on shares of Regions Financial in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Raymond James cut shares of Regions Financial from an “outperform” rating to a “market perform” rating in a report on Monday. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.50.

Regions Financial Stock Performance

Shares of RF stock opened at $22.66 on Wednesday. The company’s fifty day simple moving average is $21.52 and its 200-day simple moving average is $20.99. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.17. The firm has a market cap of $21.17 billion, a PE ratio of 11.33, a P/E/G ratio of 0.95 and a beta of 1.22. Regions Financial Co. has a 12 month low of $18.01 and a 12 month high of $25.57.

Regions Financial (NYSE:RFGet Rating) last announced its quarterly earnings data on Friday, October 21st. The bank reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.81 billion. Regions Financial had a return on equity of 14.13% and a net margin of 28.34%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. Equities research analysts expect that Regions Financial Co. will post 2.35 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 8th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, December 7th. This represents a $0.80 dividend on an annualized basis and a yield of 3.53%. Regions Financial’s payout ratio is 40.00%.

Regions Financial Company Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Co. (NYSE:RFGet Rating).

Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.