Regions Financial Co. (NYSE:RF) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its position in Regions Financial Co. (NYSE:RF) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,812 shares of the bank’s stock after purchasing an additional 6,602 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Regions Financial were worth $3,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RF. Quarry LP boosted its position in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares during the period. Private Advisor Group LLC boosted its position in shares of Regions Financial by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after purchasing an additional 429 shares during the period. CWM LLC boosted its position in shares of Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after purchasing an additional 480 shares during the period. Resonant Capital Advisors LLC lifted its stake in Regions Financial by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock worth $515,000 after acquiring an additional 506 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its stake in Regions Financial by 5.9% in the 3rd quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock worth $228,000 after acquiring an additional 540 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RF. StockNews.com raised 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 price objective for the company in a research note on Thursday, October 24th. Evercore ISI increased their price objective on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Barclays increased their price objective on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Finally, Wedbush increased their price objective on Regions Financial from $28.00 to $30.00 and gave the stock 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 assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.61.

Regions Financial Stock Down 1.6 %

Shares of RF stock opened at $25.33 on Wednesday. The stock’s 50 day simple moving average is $24.96 and its 200 day simple moving average is $22.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a twelve month low of $17.18 and a twelve month high of $27.96. The company has a market capitalization of $23.02 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.72 and a beta of 1.19.

Regions Financial (NYSE:RF) last released its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) 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 analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. As a group, research analysts predict that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is currently 56.50%.

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.