18,547 Shares in Regions Financial Corporation $RF Bought by Uptick Partners LLC

Uptick Partners LLC purchased a new stake in Regions Financial Corporation (NYSE:RF) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 18,547 shares of the bank’s stock, valued at approximately $560,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. WPG Advisers LLC raised its holdings in shares of Regions Financial by 83.5% during the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock valued at $25,000 after buying an additional 370 shares during the period. Trust Co. of Vermont acquired a new stake in Regions Financial in the second quarter valued at approximately $26,000. Gables Capital Management Inc. purchased a new stake in shares of Regions Financial during the second quarter valued at approximately $30,000. Darwin Wealth Management LLC acquired a new position in shares of Regions Financial during the second quarter worth $25,000. Finally, SouthState Bank Corp lifted its position in shares of Regions Financial by 94.1% during the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after purchasing an additional 538 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stephens assumed coverage on shares of Regions Financial in a report on Monday, June 15th. They set an “equal weight” rating and a $31.00 price target for the company. 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. Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a research report on Friday, July 17th. JPMorgan Chase & Co. upped their price objective on shares of Regions Financial from $31.50 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Truist Financial raised their target price on Regions Financial from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and a consensus target price of $32.24.

Regions Financial Stock Down 3.4%

Shares of Regions Financial stock opened at $30.61 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26. The firm has a market cap of $26.08 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.21 and a beta of 1.00. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $32.47. The business has a 50-day moving average price of $30.61 and a 200 day moving average price of $28.78.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 17th. The bank reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $1.95 billion for 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%.Regions Financial’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, sell-side analysts forecast that Regions Financial Corporation will post 2.63 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 annualized dividend 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 is currently 43.27%.

Regions Financial Company 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.