Sanibel Captiva Trust Company Inc. Acquires Shares of 8,857 Regions Financial Co. (NYSE:RF)

Sanibel Captiva Trust Company Inc. purchased a new position in shares of Regions Financial Co. (NYSE:RF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,857 shares of the bank’s stock, valued at approximately $207,000.

Several other institutional investors have also modified their holdings of RF. EntryPoint Capital LLC purchased a new position in shares of Regions Financial during the 1st quarter worth $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 worth $27,000 after acquiring an additional 1,114 shares during the period. 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 worth $27,000 after acquiring an additional 816 shares during the period. MV Capital Management Inc. raised its holdings in shares of Regions Financial by 75.6% during the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after acquiring an additional 618 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Regions Financial by 530.0% in 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 during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

RF has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. The Goldman Sachs Group boosted their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Citigroup boosted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Bank of America boosted their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.86.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $23.69 on Friday. Regions Financial Co. has a one year low of $13.72 and a one year high of $23.82. The company has a market cap of $21.70 billion, a PE ratio of 12.88, a P/E/G ratio of 2.80 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. The business has a 50-day simple moving average of $22.26 and a 200-day simple moving average of $20.74.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, July 19th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. On average, equities research analysts forecast that Regions Financial Co. will post 2.02 EPS for the current fiscal year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.22%. Regions Financial’s payout ratio is currently 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.