Betterment LLC Takes Position in Regions Financial Corporation $RF

Key Points

• Betterment LLC has invested approximately $259,000 in Regions Financial Corporation, acquiring 11,931 shares of the bank's stock.
• Regions Financial reported a quarterly earnings per share (EPS) of $0.60, exceeding analysts' expectations and indicating a year-over-year revenue increase of 10.1% to $1.91 billion.
• Analysts have a generally positive outlook on Regions Financial, with a consensus rating of "Moderate Buy" and an average price target of $27.33.

Betterment LLC acquired a new stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,931 shares of the bank's stock, valued at approximately $259,000.

Other institutional investors have also recently made changes to their positions in the company. Foster Victor Wealth Advisors LLC raised its position in Regions Financial by 5.4% during the first quarter. Foster Victor Wealth Advisors LLC now owns 304,011 shares of the bank's stock valued at $6,606,000 after purchasing an additional 15,652 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Regions Financial by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,428,091 shares of the bank's stock valued at $52,762,000 after buying an additional 21,169 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position 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 buying an additional 18,684 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in Regions Financial by 62.4% in the 1st 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 during the period. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Regions Financial during the first quarter valued at approximately $272,000. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Up 1.6%

Shares of NYSE:RF traded up $0.42 during trading hours on Thursday, hitting $27.36. The company's stock had a trading volume of 17,124,480 shares, compared to its average volume of 15,646,262. The firm's fifty day moving average price is $25.56 and its 200 day moving average price is $22.87. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $27.96. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.55 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.82.

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

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. 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 3.9%. Regions Financial's dividend payout ratio is 49.30%.

Analyst Ratings Changes

RF has been the topic of several recent analyst reports. Jefferies Financial Group began coverage on Regions Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price target on the stock. Morgan Stanley increased their target price on Regions Financial from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. DA Davidson boosted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Truist Financial restated a "hold" rating on shares of Regions Financial in a report on Friday, May 23rd. Finally, Wall Street Zen raised shares of Regions Financial from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.33.

Insider Activity

In other news, Director Roger W. Jenkins acquired 4,000 shares of Regions Financial stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the purchase, the director directly owned 6,383 shares in the company, valued at $162,638.84. The trade was a 167.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $750,300.00. Following the completion of the sale, the executive vice president owned 90,915 shares of the company's stock, valued at approximately $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

About Regions Financial

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.