3,276 Shares in Regions Financial Co. (NYSE:RF) Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners acquired a new position in Regions Financial Co. (NYSE:RF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,276 shares of the bank’s stock, valued at approximately $63,000.

A number of other hedge funds also recently added to or reduced their stakes in RF. Meitav Investment House Ltd. raised its stake in Regions Financial by 6.5% during the 4th quarter. Meitav Investment House Ltd. now owns 14,794 shares of the bank’s stock valued at $289,000 after buying an additional 902 shares during the last quarter. Perigon Wealth Management LLC raised its stake in Regions Financial by 3.7% during the 4th quarter. Perigon Wealth Management LLC now owns 20,029 shares of the bank’s stock valued at $388,000 after buying an additional 709 shares during the last quarter. Sapient Capital LLC purchased a new stake in Regions Financial during the 4th quarter valued at $1,046,000. Cerity Partners LLC raised its stake in Regions Financial by 3.7% during the 4th quarter. Cerity Partners LLC now owns 334,222 shares of the bank’s stock valued at $6,477,000 after buying an additional 11,777 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in Regions Financial by 2.5% during the 4th quarter. GHP Investment Advisors Inc. now owns 152,764 shares of the bank’s stock valued at $2,961,000 after buying an additional 3,721 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RF. Morgan Stanley decreased their target price on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $23.00 in a research note on Monday, March 18th. Royal Bank of Canada upped their price objective on Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Finally, Evercore ISI upped their price objective on Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of “Hold” and a consensus price target of $20.17.

Regions Financial Trading Up 1.5 %

Shares of Regions Financial stock opened at $19.19 on Tuesday. The company has a market capitalization of $17.63 billion, a P/E ratio of 10.43, a P/E/G ratio of 1.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The company has a fifty day moving average of $19.33 and a 200 day moving average of $18.03. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). The firm had revenue of $1.75 billion during 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 company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. On average, sell-side analysts anticipate that Regions Financial Co. will post 1.97 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Friday, May 31st. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

About Regions Financial

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.