Regions Financial Corporation $RF Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC grew its holdings in Regions Financial Corporation (NYSE:RF) by 13.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 143,202 shares of the bank’s stock after buying an additional 17,235 shares during the period. NEOS Investment Management LLC’s holdings in Regions Financial were worth $4,325,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in RF. Russell Investments Group Ltd. increased its holdings in shares of Regions Financial by 8.5% in the second quarter. Russell Investments Group Ltd. now owns 2,107,015 shares of the bank’s stock valued at $63,645,000 after purchasing an additional 165,527 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in shares of Regions Financial by 244.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after purchasing an additional 1,600,926 shares during the period. Royal Palms Capital LLC purchased a new position in Regions Financial in the 4th quarter valued at $4,137,000. Waterloo Capital L.P. grew its position in Regions Financial by 123.7% in the 4th quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock valued at $3,683,000 after buying an additional 75,149 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan increased its stake in Regions Financial by 259.6% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 63,646 shares of the bank’s stock valued at $1,725,000 after buying an additional 45,946 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Up 0.1%

NYSE:RF opened at $30.44 on Monday. Regions Financial Corporation has a 1 year low of $22.70 and a 1 year high of $32.47. 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 has a fifty day moving average price of $30.89 and a two-hundred day moving average price of $28.79. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.25 and a beta of 0.99.

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

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 payout ratio is presently 48.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RF shares. DA Davidson upped their price objective on shares of Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Wells Fargo & Company lifted their target price on shares of Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, July 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $34.00 price target on shares of Regions Financial in a research note on Monday, July 20th. Cantor Fitzgerald increased their price target on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Regions Financial in a research report on Friday, July 17th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Regions Financial presently has an average rating of “Hold” and a consensus price target of $32.24.

About Regions Financial

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.