Regions Financial Corp (RF) Holdings Boosted by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. raised its holdings in Regions Financial Corp (NYSE:RF) by 57.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,675 shares of the bank’s stock after purchasing an additional 39,250 shares during the period. Regions Financial comprises approximately 1.4% of A. D. Beadell Investment Counsel Inc.’s holdings, making the stock its 27th largest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Regions Financial were worth $1,440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. LSV Asset Management raised its position in shares of Regions Financial by 0.3% in the 3rd quarter. LSV Asset Management now owns 28,691,540 shares of the bank’s stock valued at $526,489,000 after purchasing an additional 87,899 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Regions Financial by 17.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,054,121 shares of the bank’s stock valued at $367,993,000 after acquiring an additional 3,013,569 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Regions Financial by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,318,052 shares of the bank’s stock valued at $262,751,000 after acquiring an additional 152,841 shares in the last quarter. Putnam Investments LLC raised its position in shares of Regions Financial by 0.6% during the 3rd quarter. Putnam Investments LLC now owns 11,260,662 shares of the bank’s stock valued at $206,633,000 after acquiring an additional 66,501 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Regions Financial by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,455,796 shares of the bank’s stock valued at $173,514,000 after acquiring an additional 77,341 shares in the last quarter. 76.42% of the stock is currently owned by institutional investors.

Shares of NYSE RF opened at $15.36 on Tuesday. Regions Financial Corp has a 1-year low of $12.39 and a 1-year high of $20.21. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.83 and a beta of 1.48.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 18th. The bank reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business earned $0.36 earnings per share. Regions Financial’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts anticipate that Regions Financial Corp will post 1.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.65%. The ex-dividend date is Thursday, March 7th. Regions Financial’s dividend payout ratio is presently 41.18%.

Several research firms recently issued reports on RF. B. Riley set a $20.00 price target on Regions Financial and gave the company a “hold” rating in a research report on Monday, October 15th. Raymond James raised Regions Financial from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, October 31st. They noted that the move was a valuation call. JPMorgan Chase & Co. raised Regions Financial from a “neutral” rating to an “overweight” rating and set a $16.20 price target on the stock in a research report on Sunday, December 2nd. ValuEngine lowered Regions Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. Finally, Argus began coverage on Regions Financial in a research report on Wednesday, November 28th. They set a “buy” rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Regions Financial presently has an average rating of “Hold” and an average price target of $17.41.

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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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