Moors & Cabot Inc. Has $411,000 Stake in Regions Financial Co. (NYSE:RF)

Moors & Cabot Inc. trimmed its stake in shares of Regions Financial Co. (NYSE:RF) by 26.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 17,622 shares of the bank’s stock after selling 6,268 shares during the quarter. Moors & Cabot Inc.’s holdings in Regions Financial were worth $411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commerce Bank lifted its stake in shares of Regions Financial by 392.5% in the third quarter. Commerce Bank now owns 248,325 shares of the bank’s stock worth $5,793,000 after acquiring an additional 197,900 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Regions Financial during the 3rd quarter worth approximately $3,451,000. BIP Wealth LLC raised its position in shares of Regions Financial by 21.3% during the third quarter. BIP Wealth LLC now owns 14,567 shares of the bank’s stock worth $340,000 after purchasing an additional 2,562 shares during the period. Caprock Group LLC lifted its stake in shares of Regions Financial by 4.5% in the third quarter. Caprock Group LLC now owns 19,093 shares of the bank’s stock valued at $450,000 after buying an additional 827 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its position in Regions Financial by 1.2% in the 3rd quarter. Pathstone Holdings LLC now owns 268,376 shares of the bank’s stock valued at $6,263,000 after acquiring an additional 3,222 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

RF has been the topic of several recent analyst reports. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Morgan Stanley upped their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a report on Tuesday, October 29th. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, October 24th. Finally, Barclays boosted their target price on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of “Moderate Buy” and an average price target of $26.41.

Regions Financial Stock Up 2.0 %

Shares of RF opened at $27.28 on Friday. 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 $24.79 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.77 and a beta of 1.16. The firm has a fifty day moving average price of $24.05 and a 200-day moving average price of $21.82. Regions Financial Co. has a 12-month low of $15.79 and a 12-month high of $27.32.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion during 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 company’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. Equities research analysts expect that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders 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 dividend on an annualized basis and a yield of 3.67%. Regions Financial’s dividend payout ratio is currently 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.