Parkside Financial Bank & Trust Grows Stock Holdings in Regions Financial Co. (NYSE:RF)

Parkside Financial Bank & Trust lifted its position in shares of Regions Financial Co. (NYSE:RF) by 54.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,617 shares of the bank’s stock after buying an additional 1,279 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Regions Financial were worth $70,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Regions Financial by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock worth $925,780,000 after purchasing an additional 4,160,768 shares in the last quarter. Bahl & Gaynor Inc. lifted its stake in Regions Financial by 162.1% in the 3rd quarter. Bahl & Gaynor Inc. now owns 5,904,595 shares of the bank’s stock worth $101,559,000 after purchasing an additional 3,651,390 shares in the last quarter. Vanguard Group Inc. lifted its stake in Regions Financial by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 114,585,518 shares of the bank’s stock worth $1,970,871,000 after purchasing an additional 2,982,310 shares in the last quarter. Invesco Ltd. lifted its stake in Regions Financial by 15.1% in the 3rd quarter. Invesco Ltd. now owns 11,086,142 shares of the bank’s stock worth $190,682,000 after purchasing an additional 1,455,499 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Regions Financial by 13.4% in the 3rd quarter. Northern Trust Corp now owns 10,761,543 shares of the bank’s stock worth $185,099,000 after purchasing an additional 1,268,045 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

RF has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday. StockNews.com downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Argus cut shares of Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Stephens reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Regions Financial in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada upped their price target on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Regions Financial has an average rating of “Hold” and an average price target of $20.17.

Insider Activity at Regions Financial

In related news, Director William C. Rhodes III bought 50,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were acquired at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at $968,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.

Regions Financial Stock Down 0.8 %

NYSE:RF opened at $19.61 on Friday. The firm has a market capitalization of $18.02 billion, a P/E ratio of 10.66, a PEG ratio of 1.45 and a beta of 1.21. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.08. The company’s fifty day moving average price is $19.41 and its 200-day moving average price is $18.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The firm’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS. As a group, equities research analysts anticipate that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 annualized dividend and a yield of 4.90%. Regions Financial’s dividend payout ratio is presently 52.17%.

Regions Financial Profile

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.