Foresters Investment Management Company Inc. Has $7.62 Million Position in Regions Financial Corp (RF)

Foresters Investment Management Company Inc. increased its holdings in Regions Financial Corp (NYSE:RF) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 569,120 shares of the bank’s stock after purchasing an additional 21,750 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Regions Financial were worth $7,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Regions Financial by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 15,010,538 shares of the bank’s stock valued at $200,519,000 after acquiring an additional 432,350 shares during the period. Kinneret Advisory LLC purchased a new position in shares of Regions Financial in the fourth quarter valued at about $188,000. ARP Americas LP increased its position in shares of Regions Financial by 80.8% in the fourth quarter. ARP Americas LP now owns 54,595 shares of the bank’s stock valued at $730,000 after acquiring an additional 24,400 shares during the period. Prudential PLC increased its position in shares of Regions Financial by 14.3% in the fourth quarter. Prudential PLC now owns 31,100 shares of the bank’s stock valued at $416,000 after acquiring an additional 3,900 shares during the period. Finally, Natixis Advisors L.P. increased its position in shares of Regions Financial by 63.8% in the fourth quarter. Natixis Advisors L.P. now owns 125,284 shares of the bank’s stock valued at $1,676,000 after acquiring an additional 48,780 shares during the period. Institutional investors own 72.12% of the company’s stock.

NYSE:RF opened at $15.79 on Friday. Regions Financial Corp has a one year low of $12.39 and a one year high of $19.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $16.16 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.05 and a beta of 1.50.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 18th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Regions Financial had a return on equity of 10.84% and a net margin of 27.23%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned $0.36 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Research analysts anticipate that Regions Financial Corp will post 1.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.55%. The ex-dividend date is Thursday, March 7th. Regions Financial’s payout ratio is currently 41.18%.

A number of equities research analysts have recently weighed in on RF shares. BMO Capital Markets started coverage on shares of Regions Financial in a research note on Tuesday. They set an “outperform” rating and a $17.00 target price on the stock. Sandler O’Neill lowered shares of Regions Financial from a “buy” rating to a “hold” rating and set a $16.41 target price on the stock. in a research note on Thursday, February 28th. Nomura reaffirmed a “reduce” rating and set a $14.90 target price (down previously from $17.00) on shares of Regions Financial in a research note on Monday, December 10th. ValuEngine lowered shares of Regions Financial from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. Finally, Argus started coverage on shares of Regions Financial in a research note on Wednesday, November 28th. They set a “buy” rating and a $19.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Regions Financial currently has a consensus rating of “Hold” and an average price target of $17.38.

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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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