Los Angeles Capital Management LLC Makes New $980,000 Investment in Regions Financial Corporation $RF

Los Angeles Capital Management LLC bought a new stake in Regions Financial Corporation (NYSE:RF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,663 shares of the bank’s stock, valued at approximately $980,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RF. AE Wealth Management LLC increased its stake in Regions Financial by 2.1% in the second quarter. AE Wealth Management LLC now owns 819,976 shares of the bank’s stock valued at $19,286,000 after acquiring an additional 16,896 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in Regions Financial during the second quarter worth $38,000. Penserra Capital Management LLC boosted its holdings in shares of Regions Financial by 11.3% in the 2nd quarter. Penserra Capital Management LLC now owns 4,974 shares of the bank’s stock valued at $116,000 after purchasing an additional 506 shares in the last quarter. Savant Capital LLC increased its stake in shares of Regions Financial by 8.5% in the 2nd quarter. Savant Capital LLC now owns 82,838 shares of the bank’s stock valued at $1,948,000 after purchasing an additional 6,503 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its stake in shares of Regions Financial by 7.2% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 309,043 shares of the bank’s stock valued at $7,260,000 after purchasing an additional 20,778 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 1.3%

Shares of NYSE RF opened at $25.38 on Thursday. The firm has a 50 day moving average price of $25.53 and a two-hundred day moving average price of $24.35. The stock has a market cap of $22.25 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.82.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. The company 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%. As a group, equities analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a $0.265 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 annualized dividend and a dividend yield of 4.2%. Regions Financial’s dividend payout ratio is presently 46.70%.

Analysts Set New Price Targets

RF has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a research note on Wednesday, October 8th. Evercore ISI increased their target price on shares of Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Morgan Stanley set a $32.00 price target on shares of Regions Financial in a research note on Monday, September 29th. Keefe, Bruyette & Woods upped their price objective on shares of Regions Financial from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Barclays restated 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. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Regions Financial currently has an average rating of “Hold” and an average price target of $28.19.

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.