GHP Investment Advisors Inc. Raises Holdings in Regions Financial Co. (NYSE:RF)

GHP Investment Advisors Inc. increased its position in Regions Financial Co. (NYSE:RF) by 2.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 161,490 shares of the bank’s stock after purchasing an additional 3,240 shares during the period. GHP Investment Advisors Inc.’s holdings in Regions Financial were worth $3,768,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RF. EntryPoint Capital LLC purchased a new stake in Regions Financial during the first quarter valued at $26,000. American National Bank & Trust increased its holdings in shares of Regions Financial by 1,856.7% in the 3rd 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 during the last quarter. Quarry LP raised its position in shares of Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after buying an additional 816 shares in the last quarter. MV Capital Management Inc. lifted its holdings in shares of Regions Financial by 75.6% in the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after acquiring an additional 618 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in 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 worth $30,000 after acquiring an additional 1,256 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Trading Down 1.1 %

Shares of NYSE RF opened at $23.50 on Friday. Regions Financial Co. has a twelve month low of $13.95 and a twelve month high of $24.47. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $22.91 and a two-hundred day simple moving average of $21.00. The firm has a market cap of $21.51 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Analysts expect that Regions Financial Co. will post 2.05 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.26%. The ex-dividend date is Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RF shares. Citigroup upped their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Wedbush increased their price target on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $26.00 in a research note on Thursday. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Thursday. Finally, Jefferies Financial Group lifted their price target on shares of Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $24.35.

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.