83,834 Shares in Regions Financial Corporation $RF Purchased by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new position in Regions Financial Corporation (NYSE:RF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 83,834 shares of the bank’s stock, valued at approximately $2,531,000.

Other large investors also recently made changes to their positions in the company. WPG Advisers LLC increased its stake in Regions Financial by 83.5% in the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock valued at $25,000 after buying an additional 370 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new position in shares of Regions Financial in the second quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new stake in shares of Regions Financial during the second quarter valued at approximately $26,000. Gables Capital Management Inc. purchased a new position in Regions Financial in the second quarter worth $30,000. Finally, Darwin Wealth Management LLC purchased a new position in Regions Financial in the second quarter worth $25,000. 79.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RF shares. Weiss Ratings restated a “buy (b)” rating on shares of Regions Financial in a research note on Friday, July 17th. DA Davidson boosted their price target on shares of Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Truist Financial boosted their price target on shares of Regions Financial from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Cantor Fitzgerald raised their price objective on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $32.24.

Regions Financial Stock Performance

Shares of RF opened at $30.35 on Monday. Regions Financial Corporation has a 1 year low of $22.70 and a 1 year high of $32.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s fifty day moving average price is $30.84 and its two-hundred day moving average price is $28.80. The firm has a market cap of $25.86 billion, a PE ratio of 12.39, a PEG ratio of 1.16 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, topping the consensus estimate of $0.63 by $0.05. The business 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%.The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. On average, equities research analysts forecast that Regions Financial Corporation will post 2.63 EPS for the current year.

Regions Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Regions Financial’s dividend payout ratio 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.