Resonant Capital Advisors LLC Has $570,000 Position in Regions Financial Corporation $RF

Resonant Capital Advisors LLC lifted its holdings in shares of Regions Financial Corporation (NYSE:RF) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,016 shares of the bank’s stock after purchasing an additional 1,202 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Regions Financial were worth $570,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC raised its holdings in Regions Financial by 163.2% during the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock worth $25,000 after buying an additional 656 shares during the period. 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 during the period. 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 during the period. FNY Investment Advisers LLC acquired a new stake in shares of Regions Financial during the second quarter worth $30,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Regions Financial in the 2nd quarter valued at about $32,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the transaction, the executive vice president owned 90,915 shares of the company’s stock, valued at $2,273,784.15. The trade was a 24.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roger W. Jenkins bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the acquisition, the director directly owned 6,383 shares in the company, valued at $162,638.84. The trade was a 167.86% increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI lifted their price target on Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Barclays reissued an “underweight” rating and issued a $27.00 target price (up previously from $24.00) on shares of Regions Financial in a research report on Monday, July 21st. Citigroup lifted their price objective on shares of Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. DA Davidson lifted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a report on Monday, September 29th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.19.

Regions Financial Stock Up 1.9%

NYSE:RF opened at $24.56 on Monday. The firm has a market capitalization of $21.92 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.26 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. The stock’s 50 day moving average price is $26.10 and its two-hundred day moving average price is $23.90. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Regions Financial (NYSE:RF) last issued its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. The business had revenue of $1.81 billion for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. Equities research analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a dividend of $0.265 per share. The ex-dividend date is Monday, December 1st. This represents a $1.06 annualized dividend and a dividend yield of 4.3%. Regions Financial’s payout ratio is currently 46.70%.

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.