180,497 Shares in Regions Financial Corporation $RF Bought by SVB Wealth LLC

SVB Wealth LLC purchased a new stake in shares of Regions Financial Corporation (NYSE:RF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 180,497 shares of the bank’s stock, valued at approximately $4,852,000.

A number of other hedge funds also recently modified their holdings of the business. WPG Advisers LLC lifted its stake in shares of Regions Financial by 83.5% in the 2nd 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 period. Profund Advisors LLC boosted its position in shares of Regions Financial by 3.6% during the 3rd quarter. Profund Advisors LLC now owns 11,044 shares of the bank’s stock valued at $297,000 after purchasing an additional 380 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its position in shares of Regions Financial by 17.3% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock valued at $68,000 after purchasing an additional 381 shares in the last quarter. Wedmont Private Capital grew its stake in Regions Financial by 4.7% during the second quarter. Wedmont Private Capital now owns 9,344 shares of the bank’s stock worth $290,000 after purchasing an additional 418 shares during the period. Finally, Quadcap Wealth Management LLC grew its stake in Regions Financial by 5.5% during the third quarter. Quadcap Wealth Management LLC now owns 8,599 shares of the bank’s stock worth $231,000 after purchasing an additional 445 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on RF shares. Royal Bank Of Canada dropped their price target on Regions Financial from $34.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday, October 19th. Morgan Stanley reduced their price objective on shares of Regions Financial from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, September 28th. Brean Capital upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Monday, October 19th. Stephens reiterated an “outperform” rating on shares of Regions Financial in a research report on Monday, October 19th. Finally, TD Cowen began coverage on shares of Regions Financial in a research note on Thursday, October 8th. They set a “hold” rating and a $30.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial currently has an average rating of “Hold” and a consensus price target of $31.00.

Regions Financial Price Performance

RF opened at $28.53 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market capitalization of $24.22 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.16 and a beta of 1.01. The firm’s fifty day moving average price is $28.24 and its two-hundred day moving average price is $28.71. Regions Financial Corporation has a 1 year low of $23.59 and a 1 year high of $32.47.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 16th. The bank reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. Regions Financial’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. As a group, analysts anticipate that Regions Financial Corporation will post 2.70 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, December 1st. Regions Financial’s payout ratio is currently 47.06%.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, Regions Bank, provides banking and related financial services to individuals, businesses and institutions. The company’s services include consumer and commercial banking, lending, mortgage banking, treasury and payment services, and wealth management. Regions also offers services such as investment and trust management through its wealth business. Regions traces its history to First Alabama Bancshares, established in 1971, and serves customers across the South and parts of the Midwest and Texas.