Stratos Wealth Partners LTD. purchased a new position in Regions Financial Corp (NYSE:RF) during the third quarter, Holdings Channel reports. The fund purchased 6,219 shares of the bank’s stock, valued at approximately $114,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of Regions Financial by 52.7% during the 2nd quarter. Millennium Management LLC now owns 19,743,411 shares of the bank’s stock worth $351,038,000 after acquiring an additional 6,813,530 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Regions Financial by 135.1% during the 2nd quarter. Janus Henderson Group PLC now owns 7,807,580 shares of the bank’s stock worth $138,818,000 after acquiring an additional 4,486,512 shares in the last quarter. Nokota Management LP purchased a new stake in shares of Regions Financial during the 2nd quarter worth approximately $24,003,000. Principal Financial Group Inc. raised its holdings in shares of Regions Financial by 61.9% during the 1st quarter. Principal Financial Group Inc. now owns 3,097,100 shares of the bank’s stock worth $57,544,000 after acquiring an additional 1,183,688 shares in the last quarter. Finally, Todd Asset Management LLC purchased a new stake in shares of Regions Financial during the 2nd quarter worth approximately $14,074,000. 77.95% of the stock is currently owned by institutional investors.

RF has been the topic of several recent research reports. Raymond James raised Regions Financial from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, October 31st. They noted that the move was a valuation call. Vining Sparks reaffirmed a “buy” rating and set a $22.00 price objective on shares of Regions Financial in a report on Tuesday, October 9th. B. Riley set a $20.00 price objective on Regions Financial and gave the stock a “hold” rating in a report on Monday, October 15th. Wedbush set a $22.00 target price on Regions Financial and gave the company a “buy” rating in a research report on Friday, September 7th. Finally, ValuEngine downgraded Regions Financial from a “hold” rating to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.91.

NYSE RF opened at $16.20 on Monday. The company has a market cap of $16.75 billion, a PE ratio of 16.20, a P/E/G ratio of 0.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88. Regions Financial Corp has a fifty-two week low of $15.42 and a fifty-two week high of $20.21.

Regions Financial (NYSE:RF) last released its earnings results on Tuesday, October 23rd. The bank reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04). The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. On average, equities analysts expect that Regions Financial Corp will post 1.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, December 6th. Regions Financial’s dividend payout ratio is currently 56.00%.

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About Regions Financial

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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