Aull & Monroe Investment Management Corp grew its holdings in shares of Regions Financial Corp (NYSE:RF) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,822 shares of the bank’s stock after buying an additional 6,598 shares during the quarter. Regions Financial makes up 1.2% of Aull & Monroe Investment Management Corp’s portfolio, making the stock its 28th largest position. Aull & Monroe Investment Management Corp’s holdings in Regions Financial were worth $2,474,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of RF. Millennium Management LLC raised its holdings in shares of Regions Financial by 52.7% in the 2nd quarter. Millennium Management LLC now owns 19,743,411 shares of the bank’s stock valued at $351,038,000 after purchasing an additional 6,813,530 shares during the period. Bank of Montreal Can raised its holdings in shares of Regions Financial by 4.6% in the 2nd quarter. Bank of Montreal Can now owns 17,179,629 shares of the bank’s stock valued at $305,453,000 after purchasing an additional 754,073 shares during the period. Bank of America Corp DE raised its holdings in shares of Regions Financial by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 12,496,685 shares of the bank’s stock valued at $222,190,000 after purchasing an additional 95,653 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Regions Financial by 135.1% in the 2nd quarter. Janus Henderson Group PLC now owns 7,807,580 shares of the bank’s stock valued at $138,818,000 after purchasing an additional 4,486,512 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Regions Financial by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,047,523 shares of the bank’s stock valued at $107,525,000 after purchasing an additional 61,567 shares during the period. 74.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on RF. Raymond James dropped their target price on shares of Regions Financial from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. B. Riley set a $20.00 target price on shares of Regions Financial and gave the company a “hold” rating in a report on Monday, October 15th. Vining Sparks reaffirmed a “buy” rating and issued a $22.00 target price on shares of Regions Financial in a report on Tuesday, October 9th. Finally, Wedbush set a $22.00 target price on shares of Regions Financial and gave the company a “buy” rating in a report on Friday, September 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.67.
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 the consensus estimate of $1.47 billion. Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share. As a group, equities analysts forecast that Regions Financial Corp will post 1.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.56 annualized dividend and a yield of 3.30%. Regions Financial’s dividend payout ratio is currently 56.00%.
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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