AMG National Trust Bank Increases Stake in Regions Financial Co. (NYSE:RF)

AMG National Trust Bank raised its holdings in Regions Financial Co. (NYSE:RF) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,696 shares of the bank’s stock after buying an additional 1,321 shares during the period. AMG National Trust Bank’s holdings in Regions Financial were worth $1,766,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RF. EntryPoint Capital LLC purchased a new position in Regions Financial in the first quarter valued at $26,000. American National Bank & Trust raised its position in Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares in the last quarter. Quarry LP boosted its stake in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after buying an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after buying an additional 1,256 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Regions Financial during the second quarter worth approximately $32,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RF. The Goldman Sachs Group raised their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Bank of America upped their price objective on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Wells Fargo & Company raised their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and upped their price target for the company from $27.00 to $28.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.18.

Regions Financial Trading Down 0.1 %

NYSE RF opened at $26.33 on Tuesday. The firm’s fifty day moving average is $23.61 and its two-hundred day moving average is $21.61. Regions Financial Co. has a one year low of $15.79 and a one year high of $26.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $23.93 billion, a PE ratio of 14.88, a P/E/G ratio of 2.76 and a beta of 1.16.

Regions Financial (NYSE:RF) last posted its quarterly earnings data 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 company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was down 3.7% on a year-over-year basis. Analysts expect that Regions Financial Co. will post 2.1 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.80%. Regions Financial’s dividend payout ratio (DPR) is 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.