Fairvoy Private Wealth LLC Purchases 561 Shares of Regions Financial Corporation $RF

Fairvoy Private Wealth LLC lifted its position in shares of Regions Financial Corporation (NYSE:RF) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,221 shares of the bank’s stock after purchasing an additional 561 shares during the period. Fairvoy Private Wealth LLC’s holdings in Regions Financial were worth $546,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Foster Victor Wealth Advisors LLC lifted its position in shares of Regions Financial by 5.4% during the first quarter. Foster Victor Wealth Advisors LLC now owns 304,011 shares of the bank’s stock valued at $6,606,000 after purchasing an additional 15,652 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Regions Financial by 0.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,428,091 shares of the bank’s stock worth $52,762,000 after acquiring an additional 21,169 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Regions Financial by 13.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 157,566 shares of the bank’s stock valued at $3,424,000 after purchasing an additional 18,684 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of Regions Financial by 62.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank’s stock valued at $440,000 after purchasing an additional 7,822 shares during the period. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of Regions Financial in the first quarter valued at approximately $272,000. 79.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on RF shares. Evercore ISI boosted their price target on shares of Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price target on shares of Regions Financial from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. DA Davidson boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regions Financial in a report on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.89.

Regions Financial Stock Up 0.6%

Shares of NYSE RF opened at $26.36 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The firm has a market capitalization of $23.52 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.02. The firm has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $23.47.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 18th. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a $0.265 dividend. This is a boost from Regions Financial’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. This represents a $1.06 annualized dividend and a yield of 4.0%. Regions Financial’s dividend payout ratio (DPR) is currently 49.30%.

Insider Buying and Selling at Regions Financial

In other news, EVP David R. Keenan sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the sale, the executive vice president directly owned 90,915 shares of the company’s stock, valued at $2,273,784.15. This represents a 24.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger W. Jenkins bought 4,000 shares of Regions Financial stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the transaction, the director directly owned 6,383 shares in the company, valued at approximately $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate insiders.

Regions Financial 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.