One Wealth Advisors LLC Takes Position in Regions Financial Corporation $RF

One Wealth Advisors LLC purchased a new position in shares of Regions Financial Corporation (NYSE:RF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,462 shares of the bank’s stock, valued at approximately $588,000.

A number of other large investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in Regions Financial during the 2nd quarter valued at about $25,000. WPG Advisers LLC grew its position in Regions Financial by 83.5% in the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after purchasing an additional 370 shares during the last quarter. SouthState Bank Corp grew its position in Regions Financial by 94.1% in the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after purchasing an additional 538 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Regions Financial in the fourth quarter valued at approximately $33,000. Finally, DV Equities LLC acquired a new stake in shares of Regions Financial in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RF shares. Citigroup boosted their price objective on Regions Financial from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $34.00 target price on shares of Regions Financial in a research report on Monday, July 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regions Financial in a research note on Friday, July 17th. Wells Fargo & Company lifted their target price on Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Finally, Morgan Stanley boosted their price target on Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $32.24.

Regions Financial Stock Up 0.8%

RF stock opened at $31.91 on Friday. The firm’s 50-day moving average is $30.44 and its two-hundred day moving average is $28.70. The company has a market capitalization of $27.18 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. Regions Financial Corporation has a 52 week low of $22.70 and a 52 week high of $32.47. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue was up .1% on a year-over-year basis. On average, analysts forecast that Regions Financial Corporation will post 2.63 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. Regions Financial’s payout ratio is currently 48.98%.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.