Nicholas Hoffman & Company LLC. Decreases Stock Holdings in Regions Financial Co. (NYSE:RF)

Nicholas Hoffman & Company LLC. lowered its position in shares of Regions Financial Co. (NYSE:RF) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,424 shares of the bank’s stock after selling 1,000 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Regions Financial were worth $289,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in Regions Financial by 1,620.5% during the fourth quarter. International Assets Investment Management LLC now owns 93,818 shares of the bank’s stock worth $1,818,000 after purchasing an additional 88,365 shares in the last quarter. Natixis Advisors L.P. raised its stake in Regions Financial by 34.8% during the 4th quarter. Natixis Advisors L.P. now owns 127,198 shares of the bank’s stock worth $2,465,000 after acquiring an additional 32,855 shares in the last quarter. Merit Financial Group LLC purchased a new stake in Regions Financial in the fourth quarter valued at $214,000. National Bank of Canada FI boosted its stake in Regions Financial by 8.2% in the fourth quarter. National Bank of Canada FI now owns 217,745 shares of the bank’s stock valued at $4,246,000 after acquiring an additional 16,479 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in Regions Financial by 7.7% in the fourth quarter. Private Advisor Group LLC now owns 40,089 shares of the bank’s stock valued at $777,000 after acquiring an additional 2,864 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Down 1.0 %

RF opened at $22.61 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $23.47. The stock has a market capitalization of $20.71 billion, a P/E ratio of 12.29, a P/E/G ratio of 3.01 and a beta of 1.18. The business has a 50 day simple moving average of $21.48 and a 200-day simple moving average of $20.09.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 19th. The bank reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. Regions Financial’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. On average, equities analysts anticipate that Regions Financial Co. will post 2 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be paid a $0.25 dividend. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, September 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.42%. Regions Financial’s dividend payout ratio (DPR) is 54.35%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their target price on Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. StockNews.com cut Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday. Jefferies Financial Group raised their target price on shares of Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Bank of America upped their price target on shares of Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Morgan Stanley lifted their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.51.

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.