Regions Financial Co. (NYSE:RF) Holdings Lowered by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its stake in Regions Financial Co. (NYSE:RF) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,605 shares of the bank’s stock after selling 8,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Regions Financial were worth $8,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of RF. Dimensional Fund Advisors LP raised its stake in Regions Financial by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock valued at $285,562,000 after purchasing an additional 979,597 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Regions Financial by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after acquiring an additional 1,014,706 shares in the last quarter. Victory Capital Management Inc. boosted its position in Regions Financial by 17.1% during the 2nd quarter. Victory Capital Management Inc. now owns 2,965,126 shares of the bank’s stock worth $59,421,000 after acquiring an additional 433,319 shares during the period. Russell Investments Group Ltd. grew its stake in Regions Financial by 30.9% during the 1st quarter. Russell Investments Group Ltd. now owns 2,577,350 shares of the bank’s stock valued at $54,184,000 after acquiring an additional 607,799 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Regions Financial by 12.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 2,343,629 shares of the bank’s stock valued at $46,966,000 after purchasing an additional 266,934 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Up 1.0 %

RF opened at $23.62 on Wednesday. The business has a 50 day moving average of $23.12 and a 200-day moving average of $21.24. The stock has a market capitalization of $21.62 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 2.47 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. Regions Financial Co. has a 1-year low of $14.86 and a 1-year high of $24.47.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. As a group, sell-side analysts anticipate that Regions Financial Co. will post 2.1 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.23%. Regions Financial’s dividend payout ratio is currently 56.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Stephens upgraded 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. Wells Fargo & Company boosted their target price on Regions Financial from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. DA Davidson raised their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada increased their price objective on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.45.

Regions Financial Company 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.