Mizuho Markets Americas LLC Has $2.97 Million Position in Regions Financial Co. (NYSE:RF)

Mizuho Markets Americas LLC lifted its position in shares of Regions Financial Co. (NYSE:RF) by 35.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,136 shares of the bank’s stock after buying an additional 40,200 shares during the period. Mizuho Markets Americas LLC’s holdings in Regions Financial were worth $2,968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RF. Sound Income Strategies LLC raised its holdings in Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after acquiring an additional 750 shares in the last quarter. HM Payson & Co. raised its holdings in Regions Financial by 2,000.0% during the third quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock worth $36,000 after acquiring an additional 2,000 shares in the last quarter. West Paces Advisors Inc. raised its holdings in Regions Financial by 277.2% during the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock worth $41,000 after acquiring an additional 1,752 shares in the last quarter. Baker Avenue Asset Management LP raised its holdings in Regions Financial by 69.4% during the third quarter. Baker Avenue Asset Management LP now owns 2,441 shares of the bank’s stock worth $42,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in Regions Financial by 113.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,492 shares of the bank’s stock valued at $45,000 after buying an additional 1,322 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.4 %

NYSE:RF traded up $0.08 during trading hours on Friday, hitting $20.18. 3,248,438 shares of the company were exchanged, compared to its average volume of 7,767,543. The stock has a market capitalization of $18.48 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08. The company has a fifty day simple moving average of $19.75 and a 200 day simple moving average of $18.55.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 earnings per share. Sell-side analysts expect that Regions Financial Co. will post 1.95 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.76%. The ex-dividend date is Monday, June 3rd. Regions Financial’s dividend payout ratio is currently 52.17%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Argus lowered Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Morgan Stanley reduced their target price on Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Royal Bank of Canada raised their target price on Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Finally, Citigroup raised Regions Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $20.00 to $23.00 in a report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Regions Financial presently has an average rating of “Hold” and an average target price of $20.34.

Insider Buying and Selling

In other Regions Financial news, Director William C. Rhodes III acquired 50,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was purchased at an average cost of $19.37 per share, with a total value of $968,500.00. Following the transaction, the director now owns 50,000 shares in the company, valued at approximately $968,500. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, EVP William D. Ritter sold 23,000 shares of Regions Financial stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the completion of the transaction, the executive vice president now directly owns 41,671 shares of the company’s stock, valued at approximately $831,336.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William C. Rhodes III acquired 50,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was acquired at an average cost of $19.37 per share, with a total value of $968,500.00. Following the completion of the transaction, the director now owns 50,000 shares in the company, valued at approximately $968,500. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.

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.