Paragon Capital Management Ltd acquired a new stake in shares of Regions Financial Corp (NYSE:RF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,615 shares of the bank’s stock, valued at approximately $276,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. LSV Asset Management raised its position in Regions Financial by 0.3% during the third quarter. LSV Asset Management now owns 28,691,540 shares of the bank’s stock valued at $526,489,000 after acquiring an additional 87,899 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Regions Financial by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 20,054,121 shares of the bank’s stock valued at $367,993,000 after purchasing an additional 3,013,569 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Regions Financial by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 14,318,052 shares of the bank’s stock valued at $262,751,000 after purchasing an additional 152,841 shares during the period. Putnam Investments LLC raised its position in shares of Regions Financial by 0.6% in the third quarter. Putnam Investments LLC now owns 11,260,662 shares of the bank’s stock valued at $206,633,000 after purchasing an additional 66,501 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Regions Financial by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 9,455,796 shares of the bank’s stock valued at $173,514,000 after purchasing an additional 77,341 shares during the period. Institutional investors own 76.42% of the company’s stock.
Shares of NYSE:RF opened at $15.59 on Thursday. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.83 and a beta of 1.48. Regions Financial Corp has a 1-year low of $12.39 and a 1-year high of $20.21. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90.
Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.01). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.49 billion. Regions Financial had a return on equity of 10.84% and a net margin of 27.23%. Regions Financial’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. As a group, sell-side analysts expect that Regions Financial Corp will post 1.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be given a $0.14 dividend. The ex-dividend date is Thursday, March 7th. This represents a $0.56 annualized dividend and a dividend yield of 3.59%. Regions Financial’s dividend payout ratio is presently 41.18%.
RF has been the topic of several research analyst reports. Raymond James upgraded shares of Regions Financial from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, October 31st. They noted that the move was a valuation call. Wedbush downgraded shares of Regions Financial from an “outperform” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note on Monday, February 4th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded shares of Regions Financial from a “neutral” rating to an “overweight” rating in a research note on Monday, November 26th. Credit Suisse Group began coverage on shares of Regions Financial in a research note on Monday. They set a “neutral” rating and a $17.00 price target on the stock. Finally, Barclays reduced their target price on shares of Regions Financial from $20.00 to $17.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.41.
About Regions Financial
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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