Usca Ria LLC Invests $1.05 Million in Regions Financial Corp (RF)

Usca Ria LLC purchased a new stake in shares of Regions Financial Corp (NYSE:RF) during the third quarter, Holdings Channel reports. The institutional investor purchased 57,375 shares of the bank’s stock, valued at approximately $1,053,000.

A number of other large investors have also recently made changes to their positions in RF. Parallel Advisors LLC raised its holdings in Regions Financial by 87.3% during the second quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock worth $107,000 after purchasing an additional 2,825 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Regions Financial during the third quarter worth approximately $114,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Regions Financial by 8,481.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock worth $116,000 after purchasing an additional 6,446 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Regions Financial during the second quarter worth approximately $116,000. Finally, Advisory Services Network LLC raised its holdings in Regions Financial by 61.6% during the second quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock worth $141,000 after purchasing an additional 2,933 shares in the last quarter. 73.85% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial stock opened at $17.52 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $19.45 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.29. Regions Financial Corp has a 1 year low of $15.06 and a 1 year high of $20.21.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts predict 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. Shareholders of record on Friday, December 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, December 6th. Regions Financial’s payout ratio is 56.00%.

RF has been the topic of several recent research reports. Wedbush set a $22.00 price target on shares of Regions Financial and gave the stock a “buy” rating in a research report on Friday, September 7th. Raymond James decreased their price target on shares of Regions Financial from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. B. Riley set a $20.00 price target on shares of Regions Financial and gave the stock a “hold” rating in a research report on Monday, October 15th. Finally, Vining Sparks restated a “buy” rating and issued a $22.00 price target on shares of Regions Financial in a research report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Regions Financial currently has a consensus rating of “Buy” and an average price target 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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