Orion Portfolio Solutions LLC Acquires Shares of 8,996 Regions Financial Co. (NYSE:RF)

Orion Portfolio Solutions LLC bought a new stake in shares of Regions Financial Co. (NYSE:RF) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,996 shares of the bank’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also modified their holdings of RF. American National Bank & Trust grew its position in Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP boosted its holdings in Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in 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 during the last quarter. Truvestments Capital LLC acquired a new position in Regions Financial during the third quarter worth $37,000. Finally, Innealta Capital LLC bought a new position in Regions Financial during the second quarter valued at about $32,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Stock Up 2.6 %

Shares of RF stock opened at $23.77 on Friday. Regions Financial Co. has a one year low of $17.42 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a fifty day moving average price of $25.20 and a 200 day moving average price of $22.68. The stock has a market cap of $21.60 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Analysts predict that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.21%. Regions Financial’s payout ratio is presently 56.50%.

Analysts Set New Price Targets

RF has been the topic of a number of analyst reports. Compass Point increased their price objective on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Citigroup lifted their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Evercore ISI upped their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a report on Wednesday, October 2nd. Wells Fargo & Company lifted their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Finally, StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.61.

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.