LifeWealth Investments LLC Makes New $320,000 Investment in Regions Financial Co. (NYSE:RF)

LifeWealth Investments LLC acquired a new stake in Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,605 shares of the bank's stock, valued at approximately $320,000.

Several other institutional investors have also added to or reduced their stakes in the business. Prossimo Advisors LLC lifted its position in Regions Financial by 2.3% during the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after purchasing an additional 430 shares in the last quarter. Greenleaf Trust raised its stake in shares of Regions Financial by 1.8% in the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after buying an additional 436 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of Regions Financial by 2.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock valued at $456,000 after buying an additional 436 shares in the last quarter. Lido Advisors LLC grew its stake in shares of Regions Financial by 2.6% during the 4th quarter. Lido Advisors LLC now owns 22,291 shares of the bank's stock valued at $530,000 after acquiring an additional 558 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in Regions Financial by 20.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,316 shares of the bank's stock worth $86,000 after acquiring an additional 567 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. The Goldman Sachs Group lowered their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Cowen assumed coverage on Regions Financial in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. Stephens dropped their price objective on Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Barclays reduced their price objective on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Regions Financial currently has an average rating of "Moderate Buy" and an average price target of $25.80.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. The trade was a 15.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.

Regions Financial Trading Down 1.5%

NYSE:RF traded down $0.32 during midday trading on Wednesday, hitting $21.35. 6,733,669 shares of the company traded hands, compared to its average volume of 8,136,341. The firm has a market capitalization of $19.19 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.93 and a beta of 0.97. The firm's fifty day moving average is $20.73 and its 200-day moving average is $23.07. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, sell-side analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.68%. Regions Financial's payout ratio is 48.08%.

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.