Sequoia Financial Advisors LLC Takes $434,000 Position in Regions Financial Co. (NYSE:RF)

Sequoia Financial Advisors LLC purchased a new stake in Regions Financial Co. (NYSE:RF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,386 shares of the bank’s stock, valued at approximately $434,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP acquired a new stake in Regions Financial in the first quarter valued at $26,000. Sound Income Strategies LLC increased its holdings in Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after purchasing an additional 750 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new stake in Regions Financial in the third quarter valued at $26,000. Harbour Investments Inc. increased its holdings in Regions Financial by 715.1% in the fourth quarter. Harbour Investments Inc. now owns 1,891 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,659 shares during the period. Finally, HM Payson & Co. increased its holdings in Regions Financial by 2,000.0% in the third quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,000 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Morgan Stanley increased their price target on Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Stephens reiterated an “equal weight” rating and set a $21.00 price target on shares of Regions Financial in a report on Tuesday, January 23rd. Barclays reiterated an “underweight” rating and set a $22.00 price target (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Finally, Argus downgraded Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.39.

Regions Financial Price Performance

Shares of NYSE RF opened at $18.86 on Thursday. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The stock has a market cap of $17.33 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 1.39 and a beta of 1.21. 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 firm’s 50-day simple moving average is $19.28 and its 200 day simple moving average is $17.97.

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

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.09%. Regions Financial’s payout ratio is presently 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.