22,386 Shares in Regions Financial Co. (NYSE:RF) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new stake in Regions Financial Co. (NYSE:RF) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,386 shares of the bank’s stock, valued at approximately $434,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Regions Financial by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 114,585,518 shares of the bank’s stock valued at $1,970,871,000 after purchasing an additional 2,982,310 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Regions Financial by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock valued at $925,780,000 after buying an additional 4,160,768 shares during the period. State Street Corp increased its stake in shares of Regions Financial by 0.4% in the 1st quarter. State Street Corp now owns 50,312,924 shares of the bank’s stock valued at $943,529,000 after buying an additional 189,323 shares during the period. Morgan Stanley increased its stake in shares of Regions Financial by 16.1% in the 4th quarter. Morgan Stanley now owns 20,189,021 shares of the bank’s stock valued at $435,275,000 after buying an additional 2,802,291 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Regions Financial by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,169,876 shares of the bank’s stock valued at $346,922,000 after buying an additional 618,384 shares during the period. Institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com cut Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Argus cut Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Jefferies Financial Group raised Regions Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $15.00 to $22.00 in a research note on Tuesday, January 9th. Morgan Stanley lifted their price objective on Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Stephens reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of Regions Financial in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Regions Financial presently has an average rating of “Hold” and an average price target of $20.39.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $18.86 on Thursday. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 1.39 and a beta of 1.21. The stock’s 50-day moving average is $19.28 and its 200-day moving average is $17.97. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities analysts predict that Regions Financial Co. will post 1.98 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.09%. Regions Financial’s payout ratio is presently 45.93%.

About Regions Financial

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.