Quest Partners LLC Has $3.54 Million Position in Regions Financial Co. (NYSE:RF)

Quest Partners LLC grew its stake in Regions Financial Co. (NYSE:RF) by 15,187,000.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,871 shares of the bank’s stock after buying an additional 151,870 shares during the period. Regions Financial accounts for about 0.3% of Quest Partners LLC’s holdings, making the stock its 26th biggest holding. Quest Partners LLC’s holdings in Regions Financial were worth $3,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. AMG National Trust Bank increased its position in Regions Financial by 1.8% during the 3rd quarter. AMG National Trust Bank now owns 75,696 shares of the bank’s stock valued at $1,766,000 after purchasing an additional 1,321 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Regions Financial by 9.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 79,453 shares of the bank’s stock worth $1,855,000 after purchasing an additional 6,665 shares during the period. Tower Bridge Advisors bought a new stake in shares of Regions Financial in the 3rd quarter valued at $206,000. Natixis Advisors LLC increased its position in shares of Regions Financial by 9.0% during the third quarter. Natixis Advisors LLC now owns 146,031 shares of the bank’s stock worth $3,407,000 after buying an additional 12,033 shares during the period. Finally, Empirical Finance LLC raised its stake in Regions Financial by 2.1% during the third quarter. Empirical Finance LLC now owns 32,560 shares of the bank’s stock worth $760,000 after buying an additional 669 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on RF. Morgan Stanley upped their target price on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Bank of America increased their price target on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. The Goldman Sachs Group lifted their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Stephens raised shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.18.

Regions Financial Trading Up 0.3 %

NYSE RF opened at $26.36 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $23.96 billion, a P/E ratio of 14.89, a PEG ratio of 2.76 and a beta of 1.16. The business has a fifty day simple moving average of $23.61 and a 200 day simple moving average of $21.60. Regions Financial Co. has a 12 month low of $15.79 and a 12 month high of $26.73.

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 analysts’ consensus estimates 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 in the previous year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts predict that Regions Financial Co. will post 2.1 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio is presently 56.50%.

Regions Financial Company 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.