Region Financial Co. is located nearby Cerity Partners LLC. has stock holdings of $253,000 in (NYSE:RF)

Serity Partners LLC increased its stake in Regions Financial Company (NYSE: RF – Receive Rating) to 39.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,477 shares of the bank’s stock after purchasing an additional 3,819 shares during the quarter. Cerity Partners LLC’s holding in Region Financial was $253,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. SG Americas Securities LLC boosted its holding in shares of Regions Financial to 313.7% during the first quarter. SG Americas Securities LLC now owns 48,701 shares of the bank’s stock worth $1,084,000 after buying an additional 36,929 shares during the last quarter. Regentatlantic Capital LLC acquired a new position in shares of Area Financial during the first quarter worth approximately $208,000. Steward Partners Investment Advisory LLC increased its stake in shares of Regions Financial to 31.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 24,963 shares of the bank’s stock valued at $556,000 after buying an additional 5,910 shares during the last quarter. National Asset Management Inc. acquired a new position in shares of Region Financial during the first quarter worth $240,000. Finally, CENTRAL TRUST Co raised its stake in shares of Region Financial by 28.3% during the first quarter. CENTRAL TRUST Co now owns 13,070 shares of the bank’s stock valued at $291,000 after buying an additional 2,884 shares during the last quarter. 73.61% of the stock is currently owned by institutional investors and hedge funds.

analyzer upgrade and downgrade

Several research analysts have issued reports on the stock recently. Raymond James cut shares of Area Financial from an “outperform” rating to a “market perform” rating in a report on Monday. StockNews.com initiated coverage on shares of Regions Financial in a research report on Wednesday, October 12. They set a “Hold” rating on the stock. Wells Fargo & Company downgraded shares of Area Financial to “Market Perform” rating in a research report on Monday. Morgan Stanley cut its price target on shares of Regions Financial from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 5. Finally, JPMorgan Chase & Co raised its price target on shares of Regions Financial from $23.50 to $25.00 in a research report on Wednesday, November 2. Ten analysts have a hold rating on the stock and six have a buy rating on the stock. Based on MarketBeat data, Regions Financial has an average rating of “Hold” and an average price target of $24.50.

sector financial stock performance

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The NYSE RF opened at $22.51 on Tuesday. The company’s 50-day moving average is $21.50 and its 200-day moving average is $20.98. Region Financial Company’s 12-month low is $18.01 and its 12-month high is $25.57. The company has a quick ratio of 0.81, current ratio of 0.81 and debt-to-equity ratio of 0.17. The firm has a market cap of $21.03 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 0.95, and a beta of 1.22.

Regions Financial (NYSE: RF – Receive Rating) last posted its quarterly earnings results on Friday, October 21. The bank reported earnings per share (EPS) of $0.43 for the quarter, missing the consensus estimate of $0.59 ($0.16). Region Financial had a net margin of 28.34% and a return on equity of 14.13%. The business had revenue of $1.87 billion during the quarter, compared to consensus estimates of $1.81 billion. During the same period last year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 15.9% on a year-on-year basis. Sell-side analysts estimate Region Financial Company will earn $2.35 earnings per share for the current year.

sector financial announcement dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. A $0.20 dividend will be paid to shareholders of record on Thursday, December 8th. This represents a $0.80 annual dividend and a dividend yield of 3.55%. The ex-dividend date for this dividend is Wednesday, December 7th. Sector Financial’s Dividend Payout Ratio (DPR) currently stands at 40.00%.

sector financial profile

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Area 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 provides 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, debt syndication and placement, foreign exchange, derivatives, mergers and acquisitions, and other advisory services.

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Want to see what other hedge fund RFs are holding? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Sector Financial Company (NYSE: RF – Receive Rating).

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

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