Regions Financial Corporation $RF Shares Newly Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC bought a new position in Regions Financial Corporation (NYSE:RF) during the third quarter, Holdings Channel.com reports. The firm bought 19,569 shares of the bank’s stock, valued at approximately $526,000.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Regions Financial by 6.2% during the 2nd quarter. State Street Corp now owns 50,667,092 shares of the bank’s stock worth $1,543,092,000 after purchasing an additional 2,953,594 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Regions Financial by 75.7% during the 1st quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock valued at $348,936,000 after buying an additional 5,754,487 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Regions Financial by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,827,358 shares of the bank’s stock valued at $256,633,000 after purchasing an additional 140,398 shares in the last quarter. Nykredit A S purchased a new position in shares of Regions Financial in the second quarter worth about $236,756,000. Finally, Bank of America Corp DE bought a new stake in Regions Financial in the second quarter valued at approximately $219,068,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

RF stock opened at $28.59 on Monday. The stock has a market capitalization of $24.36 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.15 and a beta of 1.01. Regions Financial Corporation has a 12-month low of $23.59 and a 12-month high of $32.47. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $28.53 and its 200 day simple moving average is $28.68.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 16th. The bank reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the company earned $0.63 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, research analysts forecast that Regions Financial Corporation will post 2.70 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.20 annualized dividend and a dividend yield of 4.2%. Regions Financial’s dividend payout ratio (DPR) is 47.06%.

Wall Street Analysts Forecast Growth

RF has been the topic of a number of research analyst reports. Citigroup reduced their price target on Regions Financial from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, October 21st. Keefe, Bruyette & Woods upped their price target on Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, July 20th. Wall Street Zen raised Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th. Brean Capital upgraded Regions Financial from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Monday, October 19th. Finally, Stephens reissued an “outperform” rating on shares of Regions Financial in a research note on Monday, October 19th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and an average price target of $31.00.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.