Regions Financial Corporation (NYSE:RF) Holdings Lifted by LifeWealth Investments LLC

LifeWealth Investments LLC raised its position in Regions Financial Corporation (NYSE:RF) by 51.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 20,568 shares of the bank’s stock after acquiring an additional 6,963 shares during the quarter. LifeWealth Investments LLC’s holdings in Regions Financial were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Foster Victor Wealth Advisors LLC lifted its holdings in Regions Financial by 5.4% in the first quarter. Foster Victor Wealth Advisors LLC now owns 304,011 shares of the bank’s stock worth $6,606,000 after purchasing an additional 15,652 shares during the period. LBP AM SA raised its position in shares of Regions Financial by 149.4% during the 4th quarter. LBP AM SA now owns 730,614 shares of the bank’s stock worth $17,184,000 after buying an additional 437,691 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Regions Financial in the 4th quarter worth approximately $1,965,000. LPL Financial LLC lifted its stake in shares of Regions Financial by 4.0% in 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 during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Regions Financial by 1.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 360,509 shares of the bank’s stock valued at $8,558,000 after acquiring an additional 3,825 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Down 0.6%

Shares of RF opened at $21.54 on Wednesday. The business’s 50-day moving average price is $21.02 and its 200 day moving average price is $22.55. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $19.36 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.73 and a beta of 0.96. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $27.96.

Regions Financial (NYSE:RF) last announced its 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. The company had revenue of $1.81 billion during 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 period last year, the company posted $0.37 earnings per share. Analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial’s dividend payout ratio is 48.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RF shares. Wall Street Zen upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Sunday. Jefferies Financial Group initiated coverage on Regions Financial in a research note on Wednesday, May 21st. They set a “hold” rating and a $24.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley cut their price objective on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, April 7th. Finally, Barclays decreased their target price on Regions Financial from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Regions Financial has a consensus rating of “Moderate Buy” and a consensus price target of $25.80.

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.