ING Groep NV purchased a new position in shares of Regions Financial Corp (NYSE:RF) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 92,365 shares of the bank’s stock, valued at approximately $1,695,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Stone Ridge Asset Management LLC grew its holdings in Regions Financial by 21.2% during the third quarter. Stone Ridge Asset Management LLC now owns 77,764 shares of the bank’s stock valued at $1,427,000 after purchasing an additional 13,615 shares during the period. Dupont Capital Management Corp grew its holdings in Regions Financial by 226.6% during the third quarter. Dupont Capital Management Corp now owns 134,148 shares of the bank’s stock valued at $2,462,000 after purchasing an additional 93,078 shares during the period. Penserra Capital Management LLC grew its holdings in Regions Financial by 1,696.1% during the third quarter. Penserra Capital Management LLC now owns 23,780 shares of the bank’s stock valued at $436,000 after purchasing an additional 22,456 shares during the period. Main Street Research LLC grew its holdings in Regions Financial by 4.6% during the third quarter. Main Street Research LLC now owns 995,966 shares of the bank’s stock valued at $18,276,000 after purchasing an additional 43,968 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Regions Financial by 37.4% during the third quarter. Janney Montgomery Scott LLC now owns 83,007 shares of the bank’s stock valued at $1,523,000 after purchasing an additional 22,607 shares during the period. 73.89% of the stock is owned by institutional investors and hedge funds.

Regions Financial stock opened at $16.45 on Friday. The company has a market capitalization of $17.50 billion, a PE ratio of 16.45, a P/E/G ratio of 0.94 and a beta of 1.29. Regions Financial Corp has a twelve month low of $15.42 and a twelve month high of $20.21. 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 released its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. As a group, equities research analysts predict that Regions Financial Corp will post 1.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Thursday, December 6th. Regions Financial’s dividend payout ratio (DPR) is presently 56.00%.

A number of research analysts recently issued reports on RF shares. Wedbush set a $22.00 price objective on shares of Regions Financial and gave the company a “buy” rating in a report on Friday, September 7th. Vining Sparks restated a “buy” rating and set a $22.00 price objective on shares of Regions Financial in a report on Tuesday, October 9th. Raymond James upgraded shares of Regions Financial from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, October 31st. They noted that the move was a valuation call. B. Riley set a $20.00 price objective on shares of Regions Financial and gave the company a “hold” rating in a report on Monday, October 15th. Finally, ValuEngine cut shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.91.

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Regions Financial 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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