33,049 Shares in Regions Financial Corporation $RF Acquired by Invst LLC

Key Points

• Invst LLC acquired 33,049 shares of Regions Financial in the second quarter, worth approximately $998,000. Institutional investors collectively own 79.39% of the bank’s outstanding shares.
• Regions Financial reported quarterly earnings of $0.68 per share, exceeding the $0.63 consensus estimate, while revenue reached $1.95 billion and net margin stood at 23.33%.
• The bank raised its quarterly dividend from $0.27 to $0.30 per share, equivalent to an annualized $1.20 payout and a 3.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $32.24.

Invst LLC bought a new position in Regions Financial Corporation (NYSE:RF - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 33,049 shares of the bank's stock, valued at approximately $998,000.

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

Regions Financial Price Performance

Shares of Regions Financial stock opened at $30.66 on Wednesday. Regions Financial Corporation has a 52-week low of $22.70 and a 52-week high of $32.47. The stock has a market capitalization of $26.12 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 1.17 and a beta of 1.00. The company has a fifty day moving average of $30.73 and a 200-day moving average of $28.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm's revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts expect that Regions Financial Corporation will post 2.63 EPS for the current year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be paid a $0.30 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 3.9%. Regions Financial's dividend payout ratio is presently 43.27%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on RF shares. Royal Bank Of Canada reissued an "outperform" rating and set a $34.00 price objective on shares of Regions Financial in a report on Monday, July 20th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $32.00 target price on shares of Regions Financial in a research note on Friday, July 17th. Wells Fargo & Company lifted their target price on shares of Regions Financial from $28.00 to $30.00 and gave the company an "underweight" rating in a research report on Monday, July 6th. Evercore reissued an "underperform" rating and issued a $31.00 price target on shares of Regions Financial in a research note on Monday, July 6th. Finally, Cantor Fitzgerald increased their price target 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. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $32.24.

About Regions Financial

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.

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