Arkadios Wealth Advisors Purchases Shares of 10,063 Regions Financial Co. (NYSE:RF)

Arkadios Wealth Advisors purchased a new stake in shares of Regions Financial Co. (NYSE:RF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,063 shares of the bank’s stock, valued at approximately $202,000.

A number of other large investors have also added to or reduced their stakes in RF. EntryPoint Capital LLC purchased a new stake in Regions Financial during the first quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new position in shares of Regions Financial during the fourth quarter valued at about $28,000. MV Capital Management Inc. grew its stake in shares of Regions Financial by 75.6% during the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after buying an additional 618 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after purchasing an additional 1,256 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of Regions Financial in the second quarter worth about $33,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of NYSE RF opened at $23.42 on Friday. Regions Financial Co. has a twelve month low of $13.72 and a twelve month high of $23.47. The firm has a market cap of $21.45 billion, a P/E ratio of 12.73, a PEG ratio of 2.77 and a beta of 1.18. The company has a 50 day moving average of $21.24 and a 200 day moving average of $20.00. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. As a group, research analysts expect that Regions Financial Co. will post 2 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be issued a $0.25 dividend. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, September 3rd. Regions Financial’s payout ratio is presently 54.35%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group raised their target price on Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Bank of America raised their target price on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Evercore ISI cut their price objective on Regions Financial from $22.00 to $21.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Citigroup lifted their price objective on Regions Financial from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada lifted their price objective on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Regions Financial presently has an average rating of “Hold” and a consensus target price of $21.51.

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.