American Asset Management Inc. bought a new position in shares of Regions Financial Corp (NYSE:RF) during the 1st quarter, HoldingsChannel reports. The fund bought 18,480 shares of the bank’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Bank & Trust lifted its position in shares of Regions Financial by 11.0% during the 4th quarter. First Bank & Trust now owns 6,816 shares of the bank’s stock worth $91,000 after buying an additional 676 shares during the last quarter. BB&T Securities LLC raised its position in Regions Financial by 0.8% in the fourth quarter. BB&T Securities LLC now owns 91,227 shares of the bank’s stock valued at $1,220,000 after purchasing an additional 767 shares during the last quarter. MAI Capital Management raised its position in Regions Financial by 5.0% in the fourth quarter. MAI Capital Management now owns 19,920 shares of the bank’s stock valued at $267,000 after purchasing an additional 950 shares during the last quarter. CWM LLC raised its position in Regions Financial by 7.7% in the fourth quarter. CWM LLC now owns 13,942 shares of the bank’s stock valued at $187,000 after purchasing an additional 996 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its position in Regions Financial by 9.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 11,919 shares of the bank’s stock valued at $159,000 after purchasing an additional 1,000 shares during the last quarter. 74.36% of the stock is currently owned by institutional investors.

Shares of RF traded down $0.24 during mid-day trading on Monday, reaching $15.36. 278,190 shares of the company were exchanged, compared to its average volume of 13,902,062. Regions Financial Corp has a 52 week low of $12.39 and a 52 week high of $19.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.05 and a beta of 1.48.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business earned $0.36 earnings per share. Regions Financial’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Regions Financial Corp will post 1.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.65%. Regions Financial’s dividend payout ratio (DPR) is 41.18%.

Several equities analysts have commented on RF shares. Sandler O’Neill upgraded Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. UBS Group set a $17.00 target price on Regions Financial and gave the company a “buy” rating in a research report on Tuesday, April 2nd. FIG Partners reiterated a “market-perform” rating on shares of Regions Financial in a research report on Thursday, February 21st. Nomura upgraded Regions Financial from a “reduce” rating to a “neutral” rating and set a $14.00 target price for the company in a research report on Friday, March 29th. Finally, Credit Suisse Group started coverage on Regions Financial in a research report on Monday, February 11th. They issued a “neutral” rating and a $17.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.28.

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Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

Further Reading: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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