Family Firm Inc. Takes $56,000 Position in Regions Financial Co. (NYSE:RF)

Family Firm Inc. bought a new position in shares of Regions Financial Co. (NYSE:RF) in the second quarter, HoldingsChannel reports. The fund bought 2,789 shares of the bank’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Regions Financial by 1,620.5% in the fourth quarter. International Assets Investment Management LLC now owns 93,818 shares of the bank’s stock valued at $1,818,000 after purchasing an additional 88,365 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Regions Financial by 23.6% in the 4th quarter. Federated Hermes Inc. now owns 8,681 shares of the bank’s stock valued at $168,000 after buying an additional 1,659 shares in the last quarter. CWM LLC grew its position in shares of Regions Financial by 43.8% in the 4th quarter. CWM LLC now owns 40,581 shares of the bank’s stock valued at $786,000 after buying an additional 12,364 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Regions Financial by 54.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,617 shares of the bank’s stock valued at $70,000 after buying an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Regions Financial during the 4th quarter worth $166,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of RF opened at $22.81 on Friday. Regions Financial Co. has a 1 year low of $13.72 and a 1 year high of $22.99. The stock has a market capitalization of $20.89 billion, a P/E ratio of 12.40, a P/E/G ratio of 2.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. The company’s fifty day moving average is $20.83 and its two-hundred day moving average is $19.82.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The business’s revenue was down 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. On average, sell-side analysts predict that Regions Financial Co. will post 2 earnings per share for the current year.

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from Regions Financial’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, September 3rd. Regions Financial’s dividend payout ratio is 54.35%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Evercore ISI decreased their price objective on shares of Regions Financial from $22.00 to $21.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a research note on Friday. Citigroup lifted their price target on Regions Financial from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company increased their price objective on Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Finally, Keefe, Bruyette & Woods cut their target price on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average target price of $21.51.

Regions Financial Company 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.