Leavell Investment Management Inc. Grows Stock Position in Regions Financial Co. (NYSE:RF)

Leavell Investment Management Inc. grew its position in shares of Regions Financial Co. (NYSE:RF) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 223,017 shares of the bank’s stock after buying an additional 11,639 shares during the period. Leavell Investment Management Inc.’s holdings in Regions Financial were worth $5,259,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. American National Bank & Trust raised its stake in Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,114 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Regions Financial in the first quarter worth about $26,000. Quarry LP raised its position in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after buying an additional 1,256 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Regions Financial in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Up 0.9 %

RF opened at $25.63 on Friday. The business’s fifty day simple moving average is $23.27 and its 200 day simple moving average is $21.35. Regions Financial Co. has a 52 week low of $14.86 and a 52 week high of $26.33. 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 stock has a market cap of $23.29 billion, a PE ratio of 14.48, a P/E/G ratio of 2.45 and a beta of 1.16.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. Regions Financial’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. As a group, research analysts expect that Regions Financial Co. will post 2.1 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued 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 3.90%. Regions Financial’s payout ratio is 56.50%.

Analyst Ratings Changes

Several equities research analysts have issued reports on RF shares. The Goldman Sachs Group increased their target price on Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Wells Fargo & Company increased their price objective on Regions Financial from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Morgan Stanley increased their price target on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Finally, Wedbush boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.