Cable Hill Partners LLC Lowers Stake in Regions Financial Co. (NYSE:RF)

Cable Hill Partners LLC reduced its position in Regions Financial Co. (NYSE:RF) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,396 shares of the bank’s stock after selling 1,075 shares during the quarter. Cable Hill Partners LLC’s holdings in Regions Financial were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RF. EntryPoint Capital LLC bought a new position in Regions Financial in the 1st quarter worth $26,000. American National Bank & Trust lifted its position in shares of Regions Financial by 1,856.7% in the third 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 in the last quarter. Quarry LP boosted its stake in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 during the period. Finally, Innealta Capital LLC purchased a new position in Regions Financial in the 2nd quarter worth approximately $32,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Regions Financial stock opened at $26.26 on Friday. 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 12-month low of $15.79 and a 12-month high of $26.73. The firm has a market capitalization of $23.87 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 2.74 and a beta of 1.16. The firm has a 50-day moving average price of $23.46 and a 200-day moving average price of $21.50.

Regions Financial (NYSE:RF) last released its earnings results 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 business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, equities research analysts forecast that Regions Financial Co. will post 2.1 EPS for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. Regions Financial’s dividend payout ratio is currently 56.50%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday, October 24th. The Goldman Sachs Group boosted 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. Finally, Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.94.

Regions Financial 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.