United Capital Financial Advisors LLC Buys Shares of 72,185 Regions Financial Corporation $RF

United Capital Financial Advisors LLC bought a new stake in shares of Regions Financial Corporation (NYSE:RF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 72,185 shares of the bank’s stock, valued at approximately $2,180,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brooks Moore & Associates Inc. acquired a new stake in shares of Regions Financial during the 2nd quarter worth approximately $456,000. Equitable Holdings Inc. acquired a new position in Regions Financial during the 2nd quarter valued at approximately $676,000. Centaurus Financial Inc. bought a new position in Regions Financial during the 2nd quarter worth $294,000. Jefferies Financial Group Inc. bought a new position in Regions Financial during the 2nd quarter worth $2,800,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Regions Financial in the second quarter worth $7,983,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RF shares. Stephens initiated coverage on Regions Financial in a research note on Monday, June 15th. They issued an “equal weight” rating and a $31.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Evercore reiterated an “underperform” rating and issued a $31.00 price objective on shares of Regions Financial in a research report on Monday, July 6th. DA Davidson boosted their target price on shares of Regions Financial from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Regions Financial in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.24.

Regions Financial Stock Down 0.2%

Shares of Regions Financial stock opened at $30.35 on Friday. 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. The business’s fifty day moving average price is $30.84 and its two-hundred day moving average price is $28.81. The company has a market capitalization of $25.86 billion, a P/E ratio of 12.39, a PEG ratio of 1.16 and a beta of 1.00.

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

Regions Financial Increases Dividend

The business 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 represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s dividend payout ratio is 43.27%.

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.