Archford Capital Strategies LLC Invests $439,000 in Regions Financial Corporation $RF

Key Points

• Archford Capital Strategies LLC invested $439,000 to acquire 18,651 shares in Regions Financial Corporation during the 2nd quarter.
• Regions Financial announced a quarterly dividend of $0.265, increasing from the previous $0.25, representing an annualized yield of 4.0%.
• Recent analyst reports indicate a consensus rating of "Moderate Buy" for Regions Financial, with an average target price of $27.74.

Archford Capital Strategies LLC purchased a new position in shares of Regions Financial Corporation (NYSE:RF - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,651 shares of the bank's stock, valued at approximately $439,000.

Other large investors also recently made changes to their positions in the company. American National Bank & Trust boosted its stake in shares of Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank's stock worth $25,000 after acquiring an additional 1,022 shares in the last quarter. Bayforest Capital Ltd boosted its stake in Regions Financial by 637.3% during 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 stake in Regions Financial during the 1st quarter valued at approximately $36,000. Groupe la Francaise bought a new stake in Regions Financial during the 1st quarter valued at approximately $41,000. Finally, Grove Bank & Trust boosted its stake in Regions Financial by 76.6% during the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after purchasing an additional 814 shares during the period. Institutional investors own 79.39% of the company's stock.

Insider Buying and Selling

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

Regions Financial Price Performance

Shares of RF stock opened at $26.50 on Tuesday. The stock has a 50 day moving average of $26.34 and a two-hundred day moving average of $23.36. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The company has a market capitalization of $23.64 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.53 and a beta of 1.02.

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

Regions Financial Increases Dividend

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

Analyst Upgrades and Downgrades

RF has been the subject of several recent analyst reports. Barclays restated an "underweight" rating and set a $27.00 target price (up previously from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. Cantor Fitzgerald initiated coverage on Regions Financial in a research note on Wednesday, September 10th. They set an "overweight" rating and a $30.00 target price for the company. Wall Street Zen upgraded Regions Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Morgan Stanley set a $32.00 target price on Regions Financial in a research note on Monday. Finally, DA Davidson increased their target price on Regions Financial from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.74.

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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