Osmosis Investment Management UK Ltd Acquires Shares of 27,863 Regions Financial Corporation $RF

Osmosis Investment Management UK Ltd bought a new position in Regions Financial Corporation (NYSE:RF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,863 shares of the bank’s stock, valued at approximately $841,000.

A number of other institutional investors have also recently modified their holdings of the stock. Empowered Funds LLC boosted its stake in Regions Financial by 7.2% in the 1st quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock worth $416,000 after purchasing an additional 1,278 shares in the last quarter. Woodline Partners LP increased its stake in Regions Financial by 40.7% during the 1st quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock valued at $1,669,000 after purchasing an additional 22,216 shares in the last quarter. Baird Financial Group Inc. increased its stake in Regions Financial by 0.7% during the 2nd quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank’s stock valued at $1,687,000 after purchasing an additional 511 shares in the last quarter. Federated Hermes Inc. raised its holdings in Regions Financial by 81.2% in the second quarter. Federated Hermes Inc. now owns 11,677 shares of the bank’s stock worth $275,000 after buying an additional 5,233 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Regions Financial by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank’s stock worth $3,320,000 after buying an additional 6,690 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on RF shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $34.00 target price on shares of Regions Financial in a research note on Monday, July 20th. Citigroup raised their price target on shares of Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Robert W. Baird reaffirmed an “underperform” rating and issued a $28.00 price objective on shares of Regions Financial in a research report on Monday, July 6th. Stephens initiated coverage on Regions Financial in a research report on Monday, June 15th. They issued an “equal weight” rating and a $31.00 price objective on the stock. Finally, Truist Financial increased their target price on Regions Financial from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.24.

Regions Financial Trading Up 0.7%

Shares of NYSE:RF opened at $30.62 on Tuesday. Regions Financial Corporation has a 52-week low of $22.70 and a 52-week high of $32.47. The stock has a market capitalization of $26.09 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50-day simple moving average is $30.70 and its two-hundred day simple moving average is $28.80.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. Analysts expect that Regions Financial Corporation will post 2.63 EPS for the current year.

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 issued a dividend of $0.30 per share. This is an increase from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial’s dividend payout ratio is currently 48.98%.

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.