Regions Financial Corporation $RF Shares Purchased by Blair William & Co. IL

Blair William & Co. IL grew its position in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 299,533 shares of the bank's stock after purchasing an additional 49,841 shares during the quarter. Blair William & Co. IL's holdings in Regions Financial were worth $7,045,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of RF. American National Bank & Trust raised its holdings in shares of Regions Financial by 2,433.3% during the second quarter. American National Bank & Trust now owns 1,064 shares of the bank's stock worth $25,000 after acquiring an additional 1,022 shares in the last quarter. Bayforest Capital Ltd raised its holdings in shares of Regions Financial by 637.3% during the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock worth $27,000 after acquiring an additional 1,058 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Regions Financial during the first quarter worth $36,000. Grove Bank & Trust raised its holdings in shares of Regions Financial by 76.6% during the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock worth $41,000 after acquiring an additional 814 shares in the last quarter. Finally, Groupe la Francaise purchased a new stake in shares of Regions Financial during the first quarter worth $41,000. 79.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RF shares. Barclays reiterated an "underweight" rating and set a $27.00 price objective (up from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Evercore ISI raised their target price on Regions Financial from $28.00 to $29.00 and gave the company an "in-line" rating in a report on Tuesday, September 30th. Morgan Stanley set a $32.00 target price on Regions Financial in a report on Monday, September 29th. Citigroup raised their target price on Regions Financial from $30.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Finally, Keefe, Bruyette & Woods raised their target price on Regions Financial from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $27.89.

Regions Financial Stock Down 4.5%

RF stock opened at $24.16 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The business's 50-day simple moving average is $26.30 and its 200 day simple moving average is $23.59. The company has a market cap of $21.56 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.02. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The company had revenue of $1.81 billion for the quarter. On average, research analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were paid a $0.265 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.06 annualized dividend and a dividend yield of 4.4%. This is an increase from Regions Financial's previous quarterly dividend of $0.25. Regions Financial's dividend payout ratio is currently 49.30%.

Insider Activity at Regions Financial

In related news, Director Roger W. Jenkins acquired 4,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were bought at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the purchase, the director owned 6,383 shares in the company, valued at approximately $162,638.84. This trade represents a 167.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David R. Keenan sold 30,000 shares of the company'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 value of $750,300.00. Following the completion of the sale, the executive vice president owned 90,915 shares in the company, valued at approximately $2,273,784.15. This represents a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

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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