Pacer Advisors Inc. Has $1.14 Million Stock Position in Regions Financial Corporation $RF

Pacer Advisors Inc. cut its holdings in shares of Regions Financial Corporation (NYSE:RF) by 50.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,648 shares of the bank’s stock after selling 44,501 shares during the period. Pacer Advisors Inc.’s holdings in Regions Financial were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Swiss Life Asset Management Ltd grew its position in shares of Regions Financial by 244.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after buying an additional 1,600,926 shares during the period. Evergreen Capital Management LLC bought a new stake in shares of Regions Financial in the 4th quarter valued at about $1,939,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Regions Financial by 3.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,859,466 shares of the bank’s stock valued at $51,247,000 after acquiring an additional 69,191 shares during the period. Waterloo Capital L.P. raised its position in shares of Regions Financial by 123.7% in the 4th quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock valued at $3,683,000 after acquiring an additional 75,149 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in Regions Financial by 108.0% during the 4th quarter. Sanctuary Advisors LLC now owns 675,296 shares of the bank’s stock worth $18,301,000 after acquiring an additional 350,599 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Down 0.0%

Shares of Regions Financial stock opened at $31.43 on Monday. Regions Financial Corporation has a 12-month low of $22.70 and a 12-month high of $32.47. The stock has a market cap of $26.82 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.20 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. The business’s 50 day moving average is $30.07 and its 200-day moving average is $28.58.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, July 17th. The bank reported $0.68 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts predict that Regions Financial Corporation will post 2.63 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

RF has been the subject of a number of analyst reports. Robert W. Baird restated an “underperform” rating and set a $28.00 price objective on shares of Regions Financial in a report on Monday, July 6th. Cantor Fitzgerald increased their target price on Regions Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Citigroup lifted their price target on shares of Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. increased their price objective on shares of Regions Financial from $31.50 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Truist Financial boosted their price objective on shares of Regions Financial from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.