Robeco Institutional Asset Management B.V. Lowers Position in Regions Financial Co. (NYSE:RF)

Robeco Institutional Asset Management B.V. lowered its holdings in Regions Financial Co. (NYSE:RF) by 57.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,754 shares of the bank’s stock after selling 114,235 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Regions Financial were worth $1,977,000 at the end of the most recent reporting period.

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

Regions Financial Trading Up 0.8 %

NYSE RF opened at $25.62 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Regions Financial Co. has a twelve month low of $14.86 and a twelve month high of $26.33. The firm has a market capitalization of $23.28 billion, a PE ratio of 14.47, a P/E/G ratio of 2.75 and a beta of 1.16. The stock’s 50 day moving average is $23.27 and its 200 day moving average is $21.36.

Regions Financial (NYSE:RF) last released its quarterly earnings results 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 quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Research analysts forecast that Regions Financial Co. will post 2.1 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.90%. Regions Financial’s dividend payout ratio is presently 56.50%.

Wall Street Analyst Weigh In

RF has been the topic of a number of research reports. DA Davidson raised their price objective on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 21st. Wedbush raised their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price target 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. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. Finally, Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.45.

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.