11,760 Shares in Regions Financial Co. (NYSE:RF) Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in Regions Financial Co. (NYSE:RFGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,760 shares of the bank’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RF. First Trust Advisors LP grew its position in Regions Financial by 296.5% in the first quarter. First Trust Advisors LP now owns 10,552,656 shares of the bank’s stock valued at $234,902,000 after acquiring an additional 7,891,037 shares during the last quarter. BlackRock Inc. grew its position in Regions Financial by 2.2% in the first quarter. BlackRock Inc. now owns 98,861,676 shares of the bank’s stock valued at $2,200,661,000 after acquiring an additional 2,150,107 shares during the last quarter. Victory Capital Management Inc. grew its position in Regions Financial by 60.4% in the first quarter. Victory Capital Management Inc. now owns 5,373,762 shares of the bank’s stock valued at $111,585,000 after acquiring an additional 2,023,514 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in Regions Financial by 70,299.7% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,536,122 shares of the bank’s stock valued at $34,194,000 after acquiring an additional 1,533,940 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Regions Financial by 30.3% in the second quarter. Bank of Montreal Can now owns 5,877,002 shares of the bank’s stock valued at $116,248,000 after acquiring an additional 1,367,943 shares during the last quarter. Institutional investors own 73.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Robert W. Baird reiterated a “neutral” rating and issued a $23.00 target price on shares of Regions Financial in a research report on Wednesday, August 3rd. Compass Point cut their price target on Regions Financial to $23.00 in a research note on Thursday, October 20th. Raymond James cut their price target on Regions Financial from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, October 24th. JPMorgan Chase & Co. lifted their price target on Regions Financial from $23.50 to $25.00 in a research note on Wednesday, November 2nd. Finally, Stephens lifted their price target on Regions Financial from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

Regions Financial Trading Up 0.6 %

Shares of RF stock opened at $22.49 on Monday. The company has a market cap of $21.02 billion, a P/E ratio of 11.25, a PEG ratio of 0.95 and a beta of 1.22. The stock has a 50 day simple moving average of $21.50 and a two-hundred day simple moving average of $20.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.81 and a current ratio of 0.81. Regions Financial Co. has a fifty-two week low of $18.01 and a fifty-two week high of $25.57.

Regions Financial (NYSE:RFGet Rating) last issued its earnings results on Friday, October 21st. The bank reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.81 billion. Regions Financial had a return on equity of 14.13% and a net margin of 28.34%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Research analysts forecast that Regions Financial Co. will post 2.35 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.80 dividend on an annualized basis and a yield of 3.56%. Regions Financial’s payout ratio is currently 40.00%.

Regions Financial Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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