Savant Capital LLC Grows Stock Holdings in Regions Financial Corporation $RF

Savant Capital LLC raised its stake in Regions Financial Corporation (NYSE:RF) by 8.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,838 shares of the bank’s stock after buying an additional 6,503 shares during the period. Savant Capital LLC’s holdings in Regions Financial were worth $1,948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American National Bank & Trust increased its stake in Regions Financial by 2,433.3% in the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,022 shares in the last quarter. CVA Family Office LLC grew its holdings in Regions Financial by 163.2% in the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after purchasing an additional 656 shares during the last quarter. Bayforest Capital Ltd increased its position in shares of Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after buying an additional 1,058 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Regions Financial during the 2nd quarter worth $30,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Regions Financial in the 2nd quarter worth about $32,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.1%

Shares of Regions Financial stock opened at $25.07 on Wednesday. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The business’s fifty day moving average is $25.56 and its two-hundred day moving average is $24.34. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market cap of $21.98 billion, a PE ratio of 11.04, a P/E/G ratio of 1.24 and a beta of 1.07.

Regions Financial (NYSE:RF) last released its earnings results on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%.The firm had revenue of $1.81 billion during the quarter. Analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be given a $0.265 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 annualized dividend and a dividend yield of 4.2%. Regions Financial’s dividend payout ratio (DPR) is currently 46.70%.

Analysts Set New Price Targets

RF has been the subject of a number of research reports. Morgan Stanley set a $32.00 target price on shares of Regions Financial in a research report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Regions Financial in a research report on Wednesday, October 8th. Evercore ISI increased their target price on Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Stephens reissued an “equal weight” rating and set a $27.00 price target (down previously from $30.00) on shares of Regions Financial in a research report on Tuesday, October 14th. Finally, Cowen restated a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.19.

About Regions Financial

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.