Koshinski Asset Management Inc. Takes Position in Regions Financial Co. (NYSE:RF)

Koshinski Asset Management Inc. bought a new stake in Regions Financial Co. (NYSE:RF) during the fourth quarter, HoldingsChannel reports. The firm bought 29,152 shares of the bank’s stock, valued at approximately $565,000.

A number of other institutional investors have also modified their holdings of RF. Norges Bank bought a new stake in shares of Regions Financial during the 4th quarter valued at about $201,607,000. First Trust Advisors LP grew its position in shares of Regions Financial by 296.5% during the 1st quarter. First Trust Advisors LP now owns 10,552,656 shares of the bank’s stock valued at $234,902,000 after buying an additional 7,891,037 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Regions Financial by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock valued at $925,780,000 after buying an additional 4,160,768 shares during the last quarter. Bahl & Gaynor Inc. grew its position in shares of Regions Financial by 162.1% during the 3rd quarter. Bahl & Gaynor Inc. now owns 5,904,595 shares of the bank’s stock valued at $101,559,000 after buying an additional 3,651,390 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of Regions Financial during the 2nd quarter valued at about $53,327,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

RF has been the subject of a number of recent research reports. Citigroup raised shares of Regions Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $23.00 in a research report on Monday, March 18th. Morgan Stanley upped their target price on shares of Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Stephens restated an “equal weight” rating and issued a $21.00 target price on shares of Regions Financial in a research report on Tuesday, January 23rd. Royal Bank of Canada upped their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, Evercore ISI upped their target price on shares of Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.39.

Regions Financial Trading Down 1.1 %

Shares of NYSE:RF opened at $19.19 on Monday. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.38 and a beta of 1.21. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50 day moving average price of $19.21 and a 200 day moving average price of $17.93.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The company’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. On average, research analysts anticipate that Regions Financial Co. will post 1.98 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Thursday, February 29th. Regions Financial’s payout ratio is 45.93%.

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.