Pacer Advisors Inc. Has $1.14 Million Stock Position in Regions Financial Corporation $RF

Key Points

• Pacer Advisors cut its Regions Financial stake by 50.5% in the first quarter, selling 44,501 shares and retaining 43,648 shares valued at approximately $1.14 million. Institutional investors and hedge funds collectively own 79.39% of RF.
• Regions Financial reported quarterly earnings of $0.68 per share, beating estimates by $0.05, while revenue reached $1.95 billion. Shares opened at $31.43, near their 52-week high of $32.47.
• The bank raised its quarterly dividend from $0.27 to $0.30 per share, implying a 3.8% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $32.24.

Pacer Advisors Inc. lowered its stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 50.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,648 shares of the bank's stock after selling 44,501 shares during the quarter. Pacer Advisors Inc.'s holdings in Regions Financial were worth $1,140,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Root Financial Partners LLC grew its position in Regions Financial by 3.9% in the 4th quarter. Root Financial Partners LLC now owns 9,148 shares of the bank's stock worth $248,000 after purchasing an additional 346 shares during the last quarter. Master S Wealth Management Inc. lifted its stake in shares of Regions Financial by 1.0% in the first quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank's stock valued at $1,009,000 after buying an additional 372 shares during the period. Van ECK Associates Corp grew its position in Regions Financial by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 33,604 shares of the bank's stock worth $911,000 after buying an additional 373 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in Regions Financial by 17.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank's stock worth $68,000 after buying an additional 381 shares in the last quarter. Finally, Lcnb Corp increased its stake in Regions Financial by 3.8% during the fourth quarter. Lcnb Corp now owns 10,725 shares of the bank's stock valued at $291,000 after acquiring an additional 390 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Down 0.0%

RF stock opened at $31.43 on Monday. The business has a fifty day moving average price of $30.07 and a 200 day moving average price of $28.58. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $32.47. The stock has a market capitalization of $26.82 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 1.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The bank reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business's revenue was up .1% on a year-over-year basis. Analysts expect that Regions Financial Corporation will post 2.63 EPS for the current fiscal year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.30 dividend. This is a boost from Regions Financial's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial's payout ratio is presently 48.98%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RF. Stephens began coverage on Regions Financial in a research report on Monday, June 15th. They issued an "equal weight" rating and a $31.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on Regions Financial from $32.00 to $33.00 and gave the company a "market perform" rating in a research note on Monday, July 20th. JPMorgan Chase & Co. upped their target price on Regions Financial from $31.50 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Cantor Fitzgerald lifted their price target on shares of Regions Financial from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley boosted their price target on shares of Regions Financial from $34.00 to $35.00 and gave the company an "equal weight" rating in a report on Monday, June 29th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.24.

Regions Financial Profile

Regions Financial Corporation NYSE: RF is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.

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