International Assets Investment Management LLC Acquires 88,365 Shares of Regions Financial Co. (NYSE:RF)

International Assets Investment Management LLC lifted its holdings in Regions Financial Co. (NYSE:RF) by 1,620.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 93,818 shares of the bank’s stock after acquiring an additional 88,365 shares during the quarter. International Assets Investment Management LLC’s holdings in Regions Financial were worth $1,818,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RF. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Regions Financial in the 3rd quarter worth approximately $26,000. Dark Forest Capital Management LP bought a new stake in Regions Financial during the 1st quarter valued at $26,000. Sound Income Strategies LLC raised its holdings in Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after buying an additional 750 shares during the last quarter. HM Payson & Co. raised its holdings in Regions Financial by 2,000.0% during the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock valued at $36,000 after buying an additional 2,000 shares during the last quarter. Finally, West Paces Advisors Inc. raised its holdings in Regions Financial by 277.2% during the 3rd quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock valued at $41,000 after buying an additional 1,752 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Regions Financial from $21.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Barclays restated an “underweight” rating and issued a $22.00 price objective (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Stephens restated an “equal weight” rating and issued a $21.00 price objective on shares of Regions Financial in a report on Tuesday, January 23rd. Argus lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Jefferies Financial Group upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $15.00 to $22.00 in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.39.

Regions Financial Stock Down 0.5 %

NYSE:RF opened at $18.90 on Friday. The firm’s 50-day moving average price is $19.32 and its 200-day moving average price is $18.00. The company has a market capitalization of $17.37 billion, a PE ratio of 9.04, a P/E/G ratio of 1.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.08.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the company posted $0.62 earnings per share. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities analysts predict that Regions Financial Co. will post 1.98 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.08%. The ex-dividend date is Friday, May 31st. Regions Financial’s dividend payout ratio (DPR) is 45.93%.

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.