Cambridge Investment Research Advisors Inc. Boosts Stock Holdings in Regions Financial Co. (NYSE:RF)

Cambridge Investment Research Advisors Inc. grew its position in shares of Regions Financial Co. (NYSE:RF) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,318 shares of the bank’s stock after acquiring an additional 1,668 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Regions Financial were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Regions Financial during the 4th quarter worth $54,000. FinTrust Capital Advisors LLC boosted its holdings in shares of Regions Financial by 35.5% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 3,981 shares of the bank’s stock worth $46,000 after buying an additional 1,043 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Regions Financial in the 4th quarter worth about $68,000. Planned Solutions Inc. purchased a new position in shares of Regions Financial in the 3rd quarter worth about $56,000. Finally, Proffitt & Goodson Inc. boosted its holdings in shares of Regions Financial by 6,808.0% in the 3rd quarter. Proffitt & Goodson Inc. now owns 6,908 shares of the bank’s stock worth $80,000 after buying an additional 6,808 shares during the last quarter. 71.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on RF shares. Credit Suisse Group boosted their price target on shares of Regions Financial from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, January 25th. Wedbush downgraded shares of Regions Financial from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 6th. Barclays upped their price objective on shares of Regions Financial from $14.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, January 4th. Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $16.00 to $18.50 in a report on Thursday, January 7th. Finally, Robert W. Baird downgraded shares of Regions Financial from an “outperform” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Thursday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $15.83.

In other news, COO John B. Owen sold 75,000 shares of the stock in a transaction that occurred on Tuesday, January 26th. The stock was sold at an average price of $17.73, for a total transaction of $1,329,750.00. Following the completion of the sale, the chief operating officer now owns 70,187 shares of the company’s stock, valued at $1,244,415.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Ronald G. Smith sold 56,147 shares of the stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $20.23, for a total value of $1,135,853.81. Following the sale, the executive vice president now directly owns 219,667 shares of the company’s stock, valued at approximately $4,443,863.41. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

Shares of NYSE RF opened at $20.71 on Tuesday. Regions Financial Co. has a one year low of $6.94 and a one year high of $20.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 0.84. The firm’s 50 day simple moving average is $18.38 and its two-hundred day simple moving average is $14.65. The stock has a market capitalization of $19.89 billion, a P/E ratio of 26.22, a PEG ratio of 1.53 and a beta of 1.58.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 1st. Shareholders of record on Friday, March 5th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, March 4th. Regions Financial’s payout ratio is currently 40.00%.

Regions Financial Company 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.

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

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