Coldstream Capital Management Inc. Boosts Position in Regions Financial Corporation $RF

Coldstream Capital Management Inc. lifted its position in Regions Financial Corporation (NYSE:RF) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,750 shares of the bank’s stock after buying an additional 2,796 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Regions Financial were worth $3,075,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Hardy Reed LLC lifted its stake in Regions Financial by 1.6% in the 2nd quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock worth $606,000 after purchasing an additional 404 shares in the last quarter. Greenwood Capital Associates LLC increased its holdings in shares of Regions Financial by 0.6% in the second quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock worth $1,703,000 after purchasing an additional 427 shares during the period. IFG Advisory LLC raised its position in shares of Regions Financial by 0.9% in the first quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock worth $1,142,000 after buying an additional 470 shares in the last quarter. Signet Financial Management LLC raised its position in shares of Regions Financial by 4.6% in the second quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock worth $256,000 after buying an additional 483 shares in the last quarter. Finally, Master S Wealth Management Inc. boosted its stake in Regions Financial by 1.2% during the second quarter. Master S Wealth Management Inc. now owns 40,303 shares of the bank’s stock valued at $948,000 after buying an additional 485 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

NYSE:RF opened at $24.87 on Monday. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.24 and a beta of 1.07. The business has a 50 day moving average of $25.17 and a 200 day moving average of $24.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. The firm had revenue of $1.81 billion for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. On average, sell-side analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, December 1st. Regions Financial’s dividend payout ratio is 46.70%.

Wall Street Analysts Forecast Growth

RF has been the topic of a number of research analyst reports. Evercore ISI upped their target price on Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Cantor Fitzgerald initiated coverage on Regions Financial in a report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a research note on Wednesday, October 8th. Citigroup lifted their target price on shares of Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, Cowen reissued a “buy” rating on shares of Regions Financial in a report on Tuesday, October 21st. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average price target of $28.19.

About Regions Financial

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.