Meitav Investment House Ltd. Purchases 4,117 Shares of Regions Financial Co. (NYSE:RF)

Meitav Investment House Ltd. increased its position in Regions Financial Co. (NYSE:RF) by 31.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,339 shares of the bank’s stock after acquiring an additional 4,117 shares during the quarter. Meitav Investment House Ltd.’s holdings in Regions Financial were worth $408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its holdings in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares during the last quarter. Sierra Ocean LLC bought a new position in Regions Financial during the fourth quarter worth $28,000. Truvestments Capital LLC acquired a new position in Regions Financial during the 3rd quarter valued at $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial during the 3rd quarter valued at $37,000. Finally, Quarry LP boosted its holdings in Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company raised their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $24.06 on Friday. The stock has a market capitalization of $21.86 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 1.97 and a beta of 1.20. The firm’s 50-day moving average price is $24.15 and its two-hundred day moving average price is $23.88. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company earned $0.39 EPS. Regions Financial’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.16%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Regions Financial 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.