Thrivent Financial for Lutherans Acquires 9,693 Shares of Regions Financial Co. (NYSE:RF)

Thrivent Financial for Lutherans raised its holdings in Regions Financial Co. (NYSE:RF – Get Rating) by 23.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,277 shares of the bank’s stock after acquiring an additional 9,693 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Regions Financial were worth $1,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. CI Investments Inc. lifted its holdings in shares of Regions Financial by 991.2% in the 3rd quarter. CI Investments Inc. now owns 1,244 shares of the bank’s stock worth $25,000 after buying an additional 1,130 shares during the period. MCF Advisors LLC lifted its holdings in shares of Regions Financial by 2,210.5% in the 4th quarter. MCF Advisors LLC now owns 1,317 shares of the bank’s stock worth $28,000 after buying an additional 1,260 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Regions Financial in the 4th quarter worth $43,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Regions Financial during the 4th quarter worth $44,000. Finally, Western Pacific Wealth Management LP lifted its stake in shares of Regions Financial by 88.7% during the 4th quarter. Western Pacific Wealth Management LP now owns 2,146 shares of the bank’s stock worth $46,000 after purchasing an additional 1,009 shares during the last quarter. Institutional investors own 72.87% of the company’s stock.

Regions Financial Stock Up 3.9 %

Shares of RF stock opened at $17.51 on Tuesday. The firm has a market capitalization of $16.43 billion, a PE ratio of 7.48, a P/E/G ratio of 0.70 and a beta of 1.18. Regions Financial Co. has a fifty-two week low of $13.94 and a fifty-two week high of $24.33. The stock’s 50-day simple moving average is $17.77 and its 200-day simple moving average is $20.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 0.82.

Regions Financial (NYSE:RF – Get Rating) last posted its earnings results on Friday, April 21st. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.03). The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Regions Financial had a return on equity of 16.60% and a net margin of 28.61%. The firm’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. Equities analysts expect that Regions Financial Co. will post 2.38 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.57%. The ex-dividend date is Thursday, June 1st. Regions Financial’s dividend payout ratio (DPR) is 34.19%.

Insider Buying and Selling

In related news, Director J Thomas Hill bought 11,926 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average cost of $16.78 per share, with a total value of $200,118.28. Following the completion of the acquisition, the director now directly owns 23,107 shares in the company, valued at $387,735.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RF. Morgan Stanley decreased their price objective on Regions Financial from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, April 5th. UBS Group upped their price objective on Regions Financial from $21.00 to $22.00 in a research note on Tuesday, April 25th. Citigroup decreased their price objective on Regions Financial from $25.00 to $20.00 in a research note on Friday, April 21st. StockNews.com initiated coverage on Regions Financial in a research note on Thursday, May 18th. They set a “sell” rating for the company. Finally, Barclays decreased their price target on Regions Financial from $29.00 to $23.00 in a research note on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.50.

Regions Financial Company Profile

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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, Wealth Management, and Other.