17,140 Shares in Regions Financial Corporation $RF Acquired by Visionary Wealth Advisors

Visionary Wealth Advisors acquired a new stake in Regions Financial Corporation (NYSE:RF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 17,140 shares of the bank’s stock, valued at approximately $518,000.

Other hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC grew its stake in shares of Regions Financial by 83.5% during the second quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after buying an additional 370 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new position in shares of Regions Financial in the 2nd quarter valued at $25,000. Trust Co. of Vermont acquired a new stake in shares of Regions Financial during the 2nd quarter valued at $26,000. Gables Capital Management Inc. acquired a new stake in shares of Regions Financial during the 2nd quarter valued at $30,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial during the 2nd quarter valued at $25,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a research note on Friday, July 17th. Citigroup upped their price objective on Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price objective on shares of Regions Financial in a report on Friday, July 17th. DA Davidson lifted their target price 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Regions Financial from $31.50 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Six equities 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 company’s stock. According to data from MarketBeat, Regions Financial presently has an average rating of “Hold” and a consensus target price of $32.24.

Regions Financial Stock Up 0.7%

Shares of Regions Financial stock opened at $30.62 on Tuesday. The stock’s 50-day moving average is $30.70 and its 200 day moving average is $28.80. Regions Financial Corporation has a one year low of $22.70 and a one year high of $32.47. The firm has a market cap 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 current ratio of 0.81 and a quick ratio of 0.81.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.05. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. Equities research analysts anticipate 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. Investors of record on Tuesday, September 1st will be issued a $0.30 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s dividend payout ratio (DPR) is 48.98%.

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.