20,831 Shares in Regions Financial Corporation $RF Purchased by Drucker Wealth 3.0 LLC

Key Points

• Drucker Wealth 3.0 LLC acquired 20,831 shares of Regions Financial Corporation, valued at approximately $513,000, during the 2nd quarter as disclosed in their SEC filing.
• Regions Financial recently increased its quarterly dividend to $0.265 per share, providing an annualized yield of 4.4%, and indicating a payout ratio of 49.30%.
• Thirteen investment analysts rate Regions Financial with a Buy rating, while maintaining a consensus target price of $27.89 for the stock.

Drucker Wealth 3.0 LLC acquired a new stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,831 shares of the bank's stock, valued at approximately $513,000.

Other large investors also recently bought and sold shares of the company. Foster Victor Wealth Advisors LLC raised its stake in Regions Financial by 5.4% in the first quarter. Foster Victor Wealth Advisors LLC now owns 304,011 shares of the bank's stock worth $6,606,000 after buying an additional 15,652 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Regions Financial by 0.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,428,091 shares of the bank's stock worth $52,762,000 after buying an additional 21,169 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Regions Financial by 13.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 157,566 shares of the bank's stock worth $3,424,000 after purchasing an additional 18,684 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Regions Financial by 62.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank's stock worth $440,000 after purchasing an additional 7,822 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in Regions Financial in the first quarter worth about $272,000. Institutional investors own 79.39% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Cantor Fitzgerald assumed coverage on shares of Regions Financial in a report on Wednesday, September 10th. They issued an "overweight" rating and a $30.00 target price for the company. Wall Street Zen upgraded shares of Regions Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Citigroup boosted 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. Keefe, Bruyette & Woods boosted their target price on shares of Regions Financial from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Evercore ISI boosted their target price on shares of Regions Financial from $28.00 to $29.00 and gave the stock an "in-line" rating in a report on Tuesday, September 30th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Regions Financial presently has an average rating of "Moderate Buy" and a consensus target price of $27.89.

Insider Buying and Selling

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

Regions Financial Stock Performance

RF opened at $24.16 on Friday. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The company has a market cap of $21.56 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.02. The firm's 50-day moving average price is $26.30 and its 200-day moving average price is $23.59.

Regions Financial (NYSE:RF - Get Free Report) last issued its earnings results on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. The firm had revenue of $1.81 billion for the quarter. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%. As a group, equities analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were 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 4.4%. The ex-dividend date was Tuesday, September 2nd. Regions Financial's payout ratio is currently 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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