Regions Financial Co. (NYSE:RF) Shares Purchased by James Investment Research Inc.

James Investment Research Inc. grew its holdings in shares of Regions Financial Co. (NYSE:RF) by 27.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 149,401 shares of the bank’s stock after purchasing an additional 32,331 shares during the quarter. James Investment Research Inc.’s holdings in Regions Financial were worth $3,514,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RF. Quarry LP grew its stake in shares of Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after acquiring an additional 394 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Regions Financial by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock worth $411,000 after buying an additional 420 shares during the period. Private Advisor Group LLC lifted its position in Regions Financial by 1.8% in the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after purchasing an additional 429 shares during the period. Greenleaf Trust lifted its position in Regions Financial by 1.8% in the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank’s stock worth $573,000 after purchasing an additional 436 shares during the period. Finally, Resonant Capital Advisors LLC lifted its position in Regions Financial by 2.4% in the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock worth $515,000 after purchasing an additional 506 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of RF stock opened at $24.32 on Friday. The firm has a 50-day moving average of $24.23 and a 200-day moving average of $23.82. The company has a market cap of $22.10 billion, a P/E ratio of 12.53, a P/E/G ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 earnings per share. Equities research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RF shares. Wedbush boosted their target price on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a report on Tuesday, October 29th. Citigroup upped their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Compass Point increased their target price on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, DA Davidson increased their price target on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and an average target price of $27.67.

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.