Commonwealth Retirement Investments LLC increased its stake in Regions Financial Corporation (NYSE:RF – Free Report) by 84.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 111,131 shares of the bank’s stock after acquiring an additional 50,992 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Regions Financial were worth $3,356,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in Regions Financial in the 2nd quarter valued at $25,000. SouthState Bank Corp increased its stake in shares of Regions Financial by 94.1% in the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after buying an additional 538 shares during the period. Leonteq Securities AG acquired a new stake in shares of Regions Financial in the 4th quarter valued at $33,000. DV Equities LLC bought a new stake in shares of Regions Financial during the fourth quarter worth $33,000. Finally, Allied Private Wealth LLC bought a new stake in shares of Regions Financial during the second quarter worth $37,000. Institutional investors and hedge funds own 79.39% of the company’s stock.
Regions Financial Stock Performance
Shares of Regions Financial stock opened at $31.91 on Friday. The firm has a fifty day moving average of $30.44 and a two-hundred day moving average of $28.70. The stock has a market capitalization of $27.18 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.21 and a beta of 1.00. Regions Financial Corporation has a 52 week low of $22.70 and a 52 week high of $32.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81.
Regions Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued 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 yield of 3.8%. The ex-dividend date is Tuesday, September 1st. Regions Financial’s dividend payout ratio is currently 43.27%.
Analyst Ratings Changes
Several brokerages have recently issued reports on RF. Robert W. Baird reiterated an “underperform” rating and issued a $28.00 price target on shares of Regions Financial in a report on Monday, July 6th. Evercore reiterated an “underperform” rating and issued a $31.00 price objective on shares of Regions Financial in a research report on Monday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 price objective on shares of Regions Financial in a report on Monday, July 20th. DA Davidson upped their target price on shares of Regions Financial from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Finally, UBS Group raised their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Regions Financial presently has a consensus rating of “Hold” and a consensus price target of $32.24.
Regions Financial Company 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.
Further Reading
- Five stocks we like better than Regions Financial
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Corporation (NYSE:RF – Free Report).
Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.
