Assetmark Inc. Has $435,000 Position in Regions Financial Co. (NYSE:RF)

Assetmark Inc. lifted its stake in shares of Regions Financial Co. (NYSE:RF) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,637 shares of the bank’s stock after purchasing an additional 1,184 shares during the quarter. Assetmark Inc.’s holdings in Regions Financial were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in Regions Financial by 1.8% in the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after purchasing an additional 429 shares during the last quarter. CWM LLC increased its stake in shares of Regions Financial by 1.1% in the third quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after buying an additional 480 shares during the period. Resonant Capital Advisors LLC raised its holdings in Regions Financial by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after buying an additional 506 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Regions Financial by 2.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank’s stock worth $473,000 after buying an additional 545 shares during the period. Finally, IFG Advisory LLC grew its holdings in Regions Financial by 1.8% during the 2nd quarter. IFG Advisory LLC now owns 30,928 shares of the bank’s stock worth $620,000 after acquiring an additional 546 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Performance

NYSE:RF opened at $26.36 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Regions Financial Co. has a twelve month low of $15.79 and a twelve month high of $26.73. The company has a fifty day moving average of $23.61 and a 200-day moving average of $21.58. The firm has a market capitalization of $23.96 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.73 and a beta of 1.16.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. As a group, sell-side analysts anticipate that Regions Financial Co. will post 2.1 EPS for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is currently 56.50%.

Analyst Ratings Changes

Several research firms have recently issued reports on RF. Wedbush raised their price target on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Bank of America raised their target price on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Barclays lifted their target price on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Morgan Stanley increased their price target on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Regions Financial presently has a consensus rating of “Moderate Buy” and an average price target of $26.18.

Regions Financial Company 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.