J.W. Cole Advisors Inc. Sells 608 Shares of Regions Financial Co. (NYSE:RF)

J.W. Cole Advisors Inc. decreased its holdings in shares of Regions Financial Co. (NYSE:RF) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,188 shares of the bank’s stock after selling 608 shares during the period. J.W. Cole Advisors Inc.’s holdings in Regions Financial were worth $564,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RF. Cincinnati Insurance Co. acquired a new position in Regions Financial during the 1st quarter worth approximately $74,606,000. Allspring Global Investments Holdings LLC raised its stake in Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after buying an additional 1,014,706 shares during the period. Dimensional Fund Advisors LP raised its stake in Regions Financial by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock worth $285,562,000 after buying an additional 979,597 shares during the period. Swedbank AB acquired a new position in Regions Financial during the 1st quarter worth approximately $19,322,000. Finally, Main Street Research LLC raised its stake in shares of Regions Financial by 117.0% in the first quarter. Main Street Research LLC now owns 1,283,914 shares of the bank’s stock worth $27,314,000 after purchasing an additional 692,144 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup increased their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Evercore ISI increased their price objective on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company increased their price objective on Regions Financial from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Wedbush increased their price objective on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Regions Financial presently has a consensus rating of “Hold” and a consensus target price of $25.06.

Regions Financial Price Performance

Shares of NYSE RF opened at $24.06 on Thursday. The stock has a fifty day simple moving average of $23.04 and a two-hundred day simple moving average of $21.10. Regions Financial Co. has a 1-year low of $14.27 and a 1-year high of $24.47. The firm has a market cap of $22.03 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share 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 firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company posted $0.49 earnings per share. Regions Financial’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts anticipate that Regions Financial Co. will post 2.05 earnings per share for the current year.

Regions Financial Dividend Announcement

The company 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. This represents a $1.00 annualized dividend and a yield of 4.16%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is 54.35%.

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.