GHP Investment Advisors Inc. Acquires 3,240 Shares of Regions Financial Co. (NYSE:RF)

GHP Investment Advisors Inc. raised its holdings in shares of Regions Financial Co. (NYSE:RF) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 161,490 shares of the bank’s stock after purchasing an additional 3,240 shares during the period. GHP Investment Advisors Inc.’s holdings in Regions Financial were worth $3,768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. EntryPoint Capital LLC purchased a new position in Regions Financial during the first quarter valued at $26,000. American National Bank & Trust grew its stake in shares of Regions Financial by 1,856.7% in the third 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 last quarter. Quarry LP increased its holdings in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after acquiring an additional 816 shares in the last quarter. MV Capital Management Inc. raised its position in shares of Regions Financial by 75.6% in the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after purchasing an additional 618 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake 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 worth $30,000 after purchasing an additional 1,256 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Down 1.1 %

Shares of Regions Financial stock opened at $23.50 on Friday. Regions Financial Co. has a fifty-two week low of $13.95 and a fifty-two week high of $24.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market capitalization of $21.51 billion, a P/E ratio of 13.28, a P/E/G ratio of 2.54 and a beta of 1.17. The company has a fifty day moving average of $22.91 and a 200 day moving average of $21.00.

Regions Financial (NYSE:RF) last released its quarterly earnings data 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). The business 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 business’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. On average, sell-side analysts anticipate that Regions Financial Co. will post 2.05 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is currently 56.50%.

Analyst Ratings Changes

RF has been the subject of several recent analyst reports. Morgan Stanley lifted their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. DA Davidson boosted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Evercore ISI lifted their target price on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a report on Wednesday, October 2nd. Bank of America upped their price target on Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, Barclays lifted their price objective on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.35.

About Regions Financial

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.