OneDigital Investment Advisors LLC Makes New $272,000 Investment in Regions Financial Corporation (NYSE:RF)

OneDigital Investment Advisors LLC acquired a new stake in Regions Financial Corporation (NYSE:RF - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,516 shares of the bank's stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also made changes to their positions in RF. Foster Victor Wealth Advisors LLC lifted its stake 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 last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Regions Financial by 0.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,428,091 shares of the bank's stock valued at $52,762,000 after purchasing an additional 21,169 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake in Regions Financial by 62.4% during the first quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank's stock valued at $440,000 after purchasing an additional 7,822 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Regions Financial by 13.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 157,566 shares of the bank's stock valued at $3,424,000 after purchasing an additional 18,684 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in Regions Financial by 4.0% during the fourth quarter. LPL Financial LLC now owns 939,376 shares of the bank's stock valued at $22,094,000 after purchasing an additional 36,438 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RF has been the subject of several recent research reports. Barclays cut their target price on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Jefferies Financial Group initiated coverage on shares of Regions Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $24.00 target price for the company. Citigroup increased their target price on shares of Regions Financial from $26.00 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods reduced their price target on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.15.

Regions Financial Stock Performance

Shares of RF opened at $24.68 on Friday. The company's fifty day moving average is $22.41 and its 200-day moving average is $22.38. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The firm has a market cap of $22.19 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.36.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business posted $0.37 EPS. Equities analysts expect that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.05%. Regions Financial's dividend payout ratio (DPR) is 48.08%.

Regions Financial Company 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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