One Wealth Advisors LLC Makes New Investment in Regions Financial Corporation $RF

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

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of Regions Financial during the fourth quarter worth about $254,564,000. Victory Capital Management Inc. increased its holdings in 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 buying an additional 9,312,449 shares during the last quarter. First Trust Advisors LP raised its stake in Regions Financial by 75.7% during the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock valued at $348,936,000 after buying an additional 5,754,487 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in Regions Financial by 286.2% during the third quarter. Qube Research & Technologies Ltd now owns 4,022,031 shares of the bank’s stock valued at $106,061,000 after buying an additional 2,980,505 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Regions Financial by 151.2% during the third quarter. AQR Capital Management LLC now owns 3,939,544 shares of the bank’s stock valued at $103,886,000 after buying an additional 2,371,048 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RF shares. Cantor Fitzgerald lifted their target price on Regions Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Morgan Stanley upped their price target on Regions Financial from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Wells Fargo & Company raised their price objective on Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Robert W. Baird reaffirmed an “underperform” rating and issued a $28.00 price objective on shares of Regions Financial in a report on Monday, July 6th. Finally, Stephens began coverage on shares of Regions Financial in a report on Monday, June 15th. They issued an “equal weight” rating and a $31.00 price objective for the company. 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. According to data from MarketBeat.com, Regions Financial presently has an average rating of “Hold” and an average price target of $32.24.

Regions Financial Price Performance

RF opened at $31.91 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $30.44 and its 200 day moving average price is $28.70. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $32.47. The firm has a market cap 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 (NYSE:RF) last issued its earnings results on Friday, July 17th. The bank reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.Regions Financial’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, sell-side analysts expect that Regions Financial Corporation will post 2.63 earnings per share for the current 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 issued a $0.30 dividend. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. Regions Financial’s dividend payout ratio (DPR) is 48.98%.

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.