Aprio Wealth Management LLC Makes New Investment in Regions Financial Co. (NYSE:RF)

Aprio Wealth Management LLC acquired a new stake in Regions Financial Co. (NYSE:RFFree Report) in the fourth quarter, Holdings Channel.com reports. The fund acquired 53,012 shares of the bank’s stock, valued at approximately $1,247,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP increased its holdings in shares of Regions Financial by 29.5% in the third 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 raised its position in Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after buying an additional 429 shares during the last quarter. CWM LLC lifted its stake in shares of Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock worth $988,000 after acquiring an additional 480 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of Regions Financial by 2.4% in the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after acquiring an additional 506 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its holdings in shares of Regions Financial by 5.9% in the third quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock valued at $228,000 after acquiring an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Down 3.1 %

Shares of RF opened at $23.07 on Monday. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The company has a market capitalization of $20.97 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 2.61 and a beta of 1.21. The stock has a fifty day moving average of $25.17 and a two-hundred day moving average of $23.26. 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 (NYSE:RFGet Free Report) last released its earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, analysts forecast that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.33%. Regions Financial’s dividend payout ratio is presently 56.50%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 29th. Compass Point boosted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. DA Davidson boosted 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, The Goldman Sachs Group lifted their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.67.

Get Our Latest Stock Report on Regions Financial

Regions Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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