Regions Financial Corp (RF) Shares Bought by FDx Advisors Inc.

FDx Advisors Inc. raised its stake in Regions Financial Corp (NYSE:RF) by 29.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,069 shares of the bank’s stock after purchasing an additional 8,356 shares during the quarter. FDx Advisors Inc.’s holdings in Regions Financial were worth $680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RF. Janney Montgomery Scott LLC increased its position in shares of Regions Financial by 9.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 60,400 shares of the bank’s stock valued at $1,074,000 after purchasing an additional 5,436 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Regions Financial by 61.6% during the 2nd quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock valued at $141,000 after purchasing an additional 2,933 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Regions Financial by 2.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 191,338 shares of the bank’s stock valued at $3,402,000 after purchasing an additional 3,908 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Regions Financial by 0.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 293,277 shares of the bank’s stock valued at $5,214,000 after purchasing an additional 2,696 shares during the last quarter. Finally, CWM LLC increased its position in shares of Regions Financial by 3,364.1% during the 2nd quarter. CWM LLC now owns 12,921 shares of the bank’s stock valued at $230,000 after purchasing an additional 12,548 shares during the last quarter. Institutional investors own 77.11% of the company’s stock.

Several equities research analysts have recently issued reports on the company. ValuEngine lowered Regions Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. JPMorgan Chase & Co. raised Regions Financial from a “neutral” rating to an “overweight” rating and set a $16.20 target price for the company in a research report on Sunday. Wedbush set a $22.00 target price on Regions Financial and gave the company a “buy” rating in a research report on Friday, September 7th. B. Riley set a $20.00 target price on Regions Financial and gave the company a “hold” rating in a research report on Monday, October 15th. Finally, Raymond James decreased their target price on Regions Financial from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $18.68.

Shares of RF opened at $16.63 on Tuesday. Regions Financial Corp has a fifty-two week low of $15.42 and a fifty-two week high of $20.21. The stock has a market capitalization of $17.01 billion, a P/E ratio of 16.63, a PEG ratio of 0.91 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.80.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). Regions Financial had a return on equity of 10.15% and a net margin of 26.39%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business posted $0.25 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. Sell-side analysts expect that Regions Financial Corp will post 1.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, December 6th. Regions Financial’s dividend payout ratio (DPR) is currently 56.00%.

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Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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

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