Stratos Wealth Partners LTD. Invests $245,000 in Regions Financial Corporation (NYSE:RF)

Stratos Wealth Partners LTD. purchased a new position in shares of Regions Financial Corporation (NYSE:RF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,283 shares of the bank's stock, valued at approximately $245,000.

A number of other large investors also recently bought and sold shares of the stock. Foster Victor Wealth Advisors LLC grew its holdings in Regions Financial by 5.4% during the 1st 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Regions Financial by 0.9% during the 1st 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Regions Financial by 13.5% during the 1st 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 in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in Regions Financial by 62.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank's stock worth $440,000 after acquiring an additional 7,822 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in Regions Financial by 4.0% during the 4th quarter. LPL Financial LLC now owns 939,376 shares of the bank's stock worth $22,094,000 after acquiring an additional 36,438 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RF. Truist Financial restated a "hold" rating on shares of Regions Financial in a research report on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group cut their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods cut their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Finally, Barclays cut 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 analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Regions Financial currently has an average rating of "Moderate Buy" and a consensus price target of $26.15.

Regions Financial Price Performance

Shares of RF traded up $0.49 during mid-day trading on Thursday, hitting $24.57. The company's stock had a trading volume of 10,246,154 shares, compared to its average volume of 8,376,332. The firm has a 50-day moving average price of $22.61 and a 200 day moving average price of $22.40. The stock has a market capitalization of $22.08 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96.

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

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a $0.265 dividend. This is an increase from Regions Financial's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, September 2nd. Regions Financial's dividend payout ratio (DPR) is 48.08%.

Regions Financial 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.