Natixis Advisors LLC Has $3.41 Million Position in Regions Financial Co. (NYSE:RF)

Natixis Advisors LLC grew its position in shares of Regions Financial Co. (NYSE:RF) by 9.0% during the third quarter, HoldingsChannel.com reports. The firm owned 146,031 shares of the bank’s stock after purchasing an additional 12,033 shares during the period. Natixis Advisors LLC’s holdings in Regions Financial were worth $3,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empirical Finance LLC boosted its position in shares of Regions Financial by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 32,560 shares of the bank’s stock valued at $760,000 after purchasing an additional 669 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Regions Financial by 6.8% during the 3rd quarter. CIBC Asset Management Inc now owns 157,600 shares of the bank’s stock worth $3,677,000 after buying an additional 10,026 shares in the last quarter. Chase Investment Counsel Corp grew its position in shares of Regions Financial by 5.7% during the 3rd quarter. Chase Investment Counsel Corp now owns 13,551 shares of the bank’s stock worth $316,000 after buying an additional 733 shares during the period. Aptus Capital Advisors LLC increased its stake in shares of Regions Financial by 87.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 67,634 shares of the bank’s stock valued at $1,578,000 after acquiring an additional 31,478 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of Regions Financial by 23.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 20,287 shares of the bank’s stock valued at $473,000 after acquiring an additional 3,863 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RF shares. Evercore ISI raised their price target 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. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, October 24th. Citigroup upped their price target on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group raised their price objective on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, Morgan Stanley upped their target price on Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of “Moderate Buy” and an average target price of $26.41.

Regions Financial Price Performance

Regions Financial stock opened at $27.28 on Friday. Regions Financial Co. has a 52 week low of $15.79 and a 52 week high of $27.32. The company’s 50 day moving average price is $24.05 and its two-hundred day moving average price is $21.82. The stock has a market cap of $24.79 billion, a P/E ratio of 15.42, a P/E/G ratio of 2.77 and a beta of 1.16. 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 (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. On average, equities analysts predict that Regions Financial Co. will post 2.12 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. Investors of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is currently 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.