Vise Technologies Inc. Invests $2.10 Million in Regions Financial Corporation $RF

Vise Technologies Inc. bought a new stake in Regions Financial Corporation (NYSE:RF) during the second quarter, according to its most recent filing with the SEC. The firm bought 69,639 shares of the bank’s stock, valued at approximately $2,103,000.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Regions Financial by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock worth $862,792,000 after acquiring an additional 215,061 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Regions Financial by 68.9% in the fourth quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock valued at $618,860,000 after purchasing an additional 9,312,449 shares during the last quarter. Invesco Ltd. grew its position in shares of Regions Financial by 3.1% in the fourth quarter. Invesco Ltd. now owns 19,348,237 shares of the bank’s stock valued at $524,337,000 after purchasing an additional 573,659 shares during the last quarter. Morgan Stanley grew its position in shares of Regions Financial by 1.3% in the fourth quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock valued at $497,459,000 after purchasing an additional 231,924 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Regions Financial by 75.7% in the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after purchasing an additional 5,754,487 shares during the period. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

NYSE:RF opened at $30.40 on Friday. The firm has a market capitalization of $25.90 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26. Regions Financial Corporation has a 12-month low of $22.70 and a 12-month high of $32.47. The firm has a 50-day moving average price of $30.66 and a 200 day moving average price of $28.80.

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

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 3.9%. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s payout ratio is presently 48.98%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RF shares. Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a research report on Friday, July 17th. Robert W. Baird reaffirmed an “underperform” rating and issued a $28.00 price target on shares of Regions Financial in a research report on Monday, July 6th. Jefferies Financial Group reiterated a “hold” rating and set a $32.00 price target on shares of Regions Financial in a report on Friday, July 17th. Morgan Stanley upped their price target on Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. increased their price objective on Regions Financial from $31.50 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.24.

Regions Financial Profile

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.