West Paces Advisors Inc. Has $115,000 Holdings in Regions Financial Co. (NYSE:RF)

West Paces Advisors Inc. boosted its stake in shares of Regions Financial Co. (NYSE:RF) by 148.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,922 shares of the bank’s stock after purchasing an additional 3,538 shares during the quarter. West Paces Advisors Inc.’s holdings in Regions Financial were worth $115,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RF. Toroso Investments LLC raised its stake in shares of Regions Financial by 5.0% in the 4th quarter. Toroso Investments LLC now owns 10,722 shares of the bank’s stock valued at $231,000 after buying an additional 508 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Regions Financial by 16.5% in the 4th quarter. Whittier Trust Co. now owns 3,881 shares of the bank’s stock valued at $75,000 after buying an additional 549 shares in the last quarter. Pinnacle Financial Partners Inc raised its stake in shares of Regions Financial by 0.4% in the 4th quarter. Pinnacle Financial Partners Inc now owns 144,317 shares of the bank’s stock valued at $2,797,000 after buying an additional 606 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Regions Financial by 2.6% in the 4th quarter. SG Americas Securities LLC now owns 25,569 shares of the bank’s stock valued at $496,000 after buying an additional 654 shares in the last quarter. Finally, Kinneret Advisory LLC raised its stake in shares of Regions Financial by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 29,352 shares of the bank’s stock valued at $658,000 after buying an additional 656 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RF has been the subject of a number of recent analyst reports. Evercore ISI increased their target price on shares of Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Royal Bank of Canada increased their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods increased their target price on shares of Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Stephens reiterated an “equal weight” rating and set a $21.00 target price on shares of Regions Financial in a research report on Tuesday, January 23rd. Finally, Barclays reiterated an “underweight” rating and set a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.39.

Regions Financial Stock Down 2.2 %

Shares of NYSE:RF opened at $18.80 on Wednesday. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08. The company has a 50 day moving average of $19.25 and a 200-day moving average of $17.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $17.27 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 1.39 and a beta of 1.21.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.39 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Regions Financial Co. will post 1.98 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.11%. The ex-dividend date was Thursday, February 29th. Regions Financial’s payout ratio is 45.93%.

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.