11,398 Shares in Regions Financial Corporation $RF Bought by LVW Advisors LLC

Key Points

• LVW Advisors LLC acquired 11,398 shares of Regions Financial Corporation, valued at approximately $268,000, marking a new position for the institutional investor in the second quarter.
• Regions Financial recently increased its quarterly dividend from $0.25 to $0.265, representing a 4.0% yield, with the ex-dividend date set for September 2nd.
• Analysts have generally positive outlooks on Regions Financial, with a significant number rating the stock as a Buy and a consensus price target of $27.58.

LVW Advisors LLC bought a new position in Regions Financial Corporation (NYSE:RF - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,398 shares of the bank's stock, valued at approximately $268,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. American National Bank & Trust raised its holdings in shares of Regions Financial by 2,433.3% in the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank's stock valued at $25,000 after purchasing an additional 1,022 shares during the period. Bayforest Capital Ltd raised its holdings in shares of Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock valued at $27,000 after purchasing an additional 1,058 shares during the period. Rossby Financial LCC bought a new position in Regions Financial in the 1st quarter valued at about $36,000. Grove Bank & Trust raised its holdings in Regions Financial by 76.6% in the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after acquiring an additional 814 shares during the period. Finally, Groupe la Francaise bought a new position in Regions Financial in the 1st quarter valued at about $41,000. 79.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RF shares. Stephens increased their price target on shares of Regions Financial from $24.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wall Street Zen raised shares of Regions Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. DA Davidson raised their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Citigroup raised their target price on shares of Regions Financial from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Finally, Barclays reaffirmed an "underweight" rating and set a $27.00 target price (up from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $27.58.

Insider Buying and Selling

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the sale, the executive vice president owned 90,915 shares in the company, valued at $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Roger W. Jenkins bought 4,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was bought at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the transaction, the director directly owned 6,383 shares of the company's stock, valued at approximately $162,638.84. This represents a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company's stock.

Regions Financial Stock Performance

NYSE RF opened at $26.63 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $23.76 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.53 and a beta of 1.02. The firm's 50 day simple moving average is $26.33 and its 200 day simple moving average is $23.33. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. As a group, research analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be given a $0.265 dividend. This is an increase from Regions Financial's previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 2nd. Regions Financial's dividend payout ratio (DPR) is 49.30%.

Regions Financial Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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