Jupiter Topco LLC Invests $3.19 Million in Regions Financial Corporation $RF

Jupiter Topco LLC purchased a new stake in Regions Financial Corporation (NYSE:RF) in the second quarter, Holdings Channel reports. The institutional investor purchased 105,452 shares of the bank’s stock, valued at approximately $3,186,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC increased its holdings in Regions Financial by 3.9% in the 4th quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock worth $248,000 after purchasing an additional 346 shares in the last quarter. WPG Advisers LLC raised its position in Regions Financial by 83.5% in the second quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock valued at $25,000 after purchasing an additional 370 shares during the last quarter. Master S Wealth Management Inc. boosted its stake in shares of Regions Financial by 1.0% during the first quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock valued at $1,009,000 after purchasing an additional 372 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Regions Financial by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock valued at $911,000 after purchasing an additional 373 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID grew its holdings in shares of Regions Financial by 17.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock worth $68,000 after purchasing an additional 381 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 2.3%

NYSE RF opened at $29.95 on Thursday. The business’s 50-day moving average price is $30.88 and its two-hundred day moving average price is $28.78. Regions Financial Corporation has a 12 month low of $22.70 and a 12 month high of $32.47. The firm has a market capitalization of $25.52 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 1.20 and a beta of 0.99. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26.

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

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s payout ratio is currently 48.98%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group upped their price objective on Regions Financial from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their target price on shares of Regions Financial from $31.50 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 target price on shares of Regions Financial in a report on Monday, July 20th. Cantor Fitzgerald upped their price target on shares of Regions Financial from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley raised their price target on shares of Regions Financial from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and an average price target of $32.24.

Regions Financial 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.