Farther Finance Advisors LLC Increases Stake in Regions Financial Corporation $RF

Farther Finance Advisors LLC lifted its stake in Regions Financial Corporation (NYSE:RF) by 80.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,006 shares of the bank’s stock after purchasing an additional 8,901 shares during the quarter. Farther Finance Advisors LLC’s holdings in Regions Financial were worth $471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RF. B. Riley Wealth Advisors Inc. increased its holdings in Regions Financial by 17.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 20,210 shares of the bank’s stock worth $480,000 after buying an additional 2,977 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Regions Financial by 51.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 229,249 shares of the bank’s stock worth $5,392,000 after buying an additional 77,586 shares during the period. 111 Capital acquired a new position in Regions Financial in the 4th quarter worth approximately $204,000. GAMMA Investing LLC increased its holdings in Regions Financial by 2,064.1% in the 1st quarter. GAMMA Investing LLC now owns 475,691 shares of the bank’s stock worth $10,337,000 after buying an additional 453,710 shares during the period. Finally, Rothschild Investment LLC increased its holdings in Regions Financial by 7.2% in the 1st quarter. Rothschild Investment LLC now owns 25,172 shares of the bank’s stock worth $547,000 after buying an additional 1,694 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Trading Up 0.1%

Regions Financial stock opened at $26.63 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The stock’s 50 day simple moving average is $26.33 and its two-hundred day simple moving average is $23.31. The firm has a market cap of $23.76 billion, a PE ratio of 12.38, a P/E/G ratio of 1.53 and a beta of 1.02.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, July 18th. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.265 per share. This is a positive change from Regions Financial’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.0%. Regions Financial’s payout ratio is 49.30%.

Analyst Ratings Changes

RF has been the topic of several research reports. Morgan Stanley increased their price target on shares of Regions Financial from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Keefe, Bruyette & Woods increased their price target on shares of Regions Financial from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Citigroup increased their price target on shares of Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Cantor Fitzgerald initiated coverage on shares of Regions Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 price target on the stock. Finally, Stephens increased their price target on shares of Regions Financial from $24.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.58.

Insider Buying and Selling

In other Regions Financial news, Director Roger W. Jenkins bought 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the transaction, the director directly owned 6,383 shares of the company’s stock, valued at approximately $162,638.84. This represents a 167.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David R. Keenan sold 30,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the transaction, the executive vice president owned 90,915 shares in the company, valued at $2,273,784.15. This trade represents a 24.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

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.