Osmosis Investment Management UK Ltd bought a new stake in shares of Regions Financial Corporation (NYSE:RF – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,863 shares of the bank’s stock, valued at approximately $841,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RF. Root Financial Partners LLC boosted its holdings in Regions Financial by 3.9% in the fourth quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock valued at $248,000 after acquiring an additional 346 shares in the last quarter. WPG Advisers LLC raised its holdings in Regions Financial by 83.5% in the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after purchasing an additional 370 shares in the last quarter. Master S Wealth Management Inc. raised its holdings in Regions Financial by 1.0% in the 1st quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock worth $1,009,000 after purchasing an additional 372 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Regions Financial by 1.1% in the 4th quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock worth $911,000 after purchasing an additional 373 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its position in shares of Regions Financial by 17.3% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock worth $68,000 after purchasing an additional 381 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.
Regions Financial Stock Up 0.7%
NYSE:RF opened at $30.62 on Tuesday. The firm’s 50-day moving average price is $30.70 and its 200-day moving average price is $28.80. The company has a market capitalization of $26.09 billion, a PE ratio of 12.50, a P/E/G ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81. Regions Financial Corporation has a 1-year low of $22.70 and a 1-year high of $32.47.
Regions Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.30 per share. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial’s payout ratio is 48.98%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on RF. Wells Fargo & Company boosted their price target on shares of Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods increased their price target on shares of Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, July 20th. Cantor Fitzgerald raised their price objective on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Stephens initiated coverage on Regions Financial in a research report on Monday, June 15th. They set an “equal weight” rating and a $31.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on Regions Financial from $31.50 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Regions Financial has an average rating of “Hold” and an average target price of $32.24.
Read Our Latest Research Report on RF
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.
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