Fiduciary Alliance LLC Takes Position in Regions Financial Corporation $RF

Key Points

• Fiduciary Alliance LLC invested $220,000 in Regions Financial Corporation, acquiring 9,365 shares in the 2nd quarter.
• Regions Financial has announced a quarterly dividend increase to $0.265, which will be paid on October 1st, representing a 3.9% yield.
• Recent analyst ratings indicate a consensus of "Moderate Buy" for Regions Financial, with price targets ranging from $27.00 to $30.00.

Fiduciary Alliance LLC acquired a new position in Regions Financial Corporation (NYSE:RF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,365 shares of the bank's stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC raised its stake in Regions Financial by 13.6% during the 4th quarter. Tidal Investments LLC now owns 144,619 shares of the bank's stock worth $3,401,000 after acquiring an additional 17,293 shares during the period. Two Sigma Investments LP raised its stake in Regions Financial by 169.3% during the 4th quarter. Two Sigma Investments LP now owns 392,706 shares of the bank's stock worth $9,236,000 after acquiring an additional 246,906 shares during the period. Two Sigma Advisers LP bought a new stake in Regions Financial during the 4th quarter worth approximately $1,785,000. Woodline Partners LP bought a new stake in shares of Regions Financial during the fourth quarter valued at approximately $1,284,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Regions Financial by 11.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,369,608 shares of the bank's stock worth $220,373,000 after buying an additional 931,875 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Insider Activity

In other news, EVP David R. Keenan sold 30,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total transaction of $750,300.00. Following the transaction, the executive vice president owned 90,915 shares in the company, valued at $2,273,784.15. This represents a 24.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Roger W. Jenkins acquired 4,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were bought at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the acquisition, the director 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. Corporate insiders own 0.29% of the company's stock.

Regions Financial Stock Down 0.9%

NYSE:RF traded down $0.26 during mid-day trading on Friday, reaching $27.14. The company's stock had a trading volume of 32,203,235 shares, compared to its average volume of 17,891,356. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96. The stock has a fifty day moving average of $26.13 and a 200-day moving average of $23.13. The firm has a market capitalization of $24.22 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30.

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 for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The company had revenue of $1.91 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Equities research analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 a positive change from Regions Financial's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 3.9%. Regions Financial's payout ratio is currently 49.30%.

Wall Street Analyst Weigh In

RF has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Regions Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Morgan Stanley boosted their target price on shares of Regions Financial from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. 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. Cantor Fitzgerald initiated coverage on shares of Regions Financial in a report on Wednesday, September 10th. They issued an "overweight" rating and a $30.00 target price on the stock. Finally, Wall Street Zen raised shares of Regions Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Regions Financial has a consensus rating of "Moderate Buy" and an average target price of $27.47.

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.