Cerity Partners LLC Raises Stock Holdings in Regions Financial Corporation $RF

Cerity Partners LLC lifted its holdings in Regions Financial Corporation (NYSE:RF) by 14.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 569,694 shares of the bank’s stock after purchasing an additional 72,619 shares during the quarter. Cerity Partners LLC owned 0.06% of Regions Financial worth $13,399,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. CVA Family Office LLC lifted its position in Regions Financial by 163.2% during the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after purchasing an additional 656 shares during the last quarter. American National Bank & Trust raised its position in shares of Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after buying an additional 1,022 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in shares of Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,058 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Regions Financial in the second quarter worth about $30,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Regions Financial in the second quarter worth about $32,000. Institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on RF. Stephens reaffirmed an “equal weight” rating and issued a $27.00 price objective (down from $30.00) on shares of Regions Financial in a research note on Tuesday, October 14th. Truist Financial lowered their price target on Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Cowen reiterated a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Cantor Fitzgerald began coverage on shares of Regions Financial in a research note on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 target price on the stock. Finally, Citigroup lifted their price target on shares of Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and a consensus target price of $27.93.

Regions Financial Stock Up 3.6%

NYSE:RF opened at $27.40 on Thursday. The company has a market cap of $24.02 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.17 and a beta of 1.04. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.60. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $24.96 and a 200-day simple moving average of $24.90.

Regions Financial (NYSE:RF) last announced 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 during the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. Analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a $0.265 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.9%. Regions Financial’s payout ratio is presently 46.70%.

Regions Financial declared that its board has approved a stock repurchase program on Wednesday, December 10th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the bank to purchase up to 12.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Regions Financial Company 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.