Daiwa Securities Group Inc. Raises Position in Regions Financial Co. (NYSE:RF)

Daiwa Securities Group Inc. lifted its stake in shares of Regions Financial Co. (NYSE:RF) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,903 shares of the bank’s stock after buying an additional 4,672 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Regions Financial were worth $1,645,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Oakworth Capital Inc. lifted its holdings in Regions Financial by 216.8% in the 4th quarter. Oakworth Capital Inc. now owns 194,414 shares of the bank’s stock worth $3,768,000 after buying an additional 133,049 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Regions Financial by 41.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 401,255 shares of the bank’s stock worth $7,776,000 after acquiring an additional 117,232 shares in the last quarter. West Paces Advisors Inc. boosted its holdings in Regions Financial by 148.4% in the fourth quarter. West Paces Advisors Inc. now owns 5,922 shares of the bank’s stock valued at $115,000 after purchasing an additional 3,538 shares during the last quarter. Main Street Research LLC acquired a new stake in Regions Financial during the 4th quarter valued at approximately $11,469,000. Finally, SVB Wealth LLC purchased a new stake in Regions Financial during the 4th quarter worth approximately $257,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Argus lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Keefe, Bruyette & Woods upped their target price on shares of Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Evercore ISI lifted their price target on Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Barclays restated an “underweight” rating and set a $22.00 price objective (up previously from $20.00) on shares of Regions Financial in a research note on Tuesday, January 2nd. Finally, Jefferies Financial Group upgraded Regions Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $15.00 to $22.00 in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.17.

Regions Financial Trading Up 1.5 %

Shares of NYSE:RF opened at $19.19 on Tuesday. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a market cap of $17.63 billion, a PE ratio of 10.43, a P/E/G ratio of 1.37 and a beta of 1.21. The company’s 50-day moving average price is $19.33 and its 200 day moving average price is $18.03.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Sell-side analysts anticipate that Regions Financial Co. will post 1.97 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date is Friday, May 31st. Regions Financial’s dividend payout ratio is currently 52.17%.

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.