Xponance Inc. Sells 1,923 Shares of Regions Financial Co. (NYSE:RF)

Xponance Inc. cut its holdings in shares of Regions Financial Co. (NYSE:RF) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,787 shares of the bank’s stock after selling 1,923 shares during the period. Xponance Inc.’s holdings in Regions Financial were worth $2,721,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC boosted its position in Regions Financial by 0.8% during the 4th quarter. Corient Private Wealth LLC now owns 102,438 shares of the bank’s stock valued at $1,985,000 after acquiring an additional 821 shares in the last quarter. Assetmark Inc. boosted its position in Regions Financial by 31.2% during the fourth quarter. Assetmark Inc. now owns 12,006 shares of the bank’s stock valued at $233,000 after purchasing an additional 2,854 shares in the last quarter. Franklin Resources Inc. grew its stake in Regions Financial by 6.3% in the fourth quarter. Franklin Resources Inc. now owns 480,090 shares of the bank’s stock valued at $9,304,000 after purchasing an additional 28,584 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Regions Financial by 8.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 135,235 shares of the bank’s stock worth $2,621,000 after purchasing an additional 10,269 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Regions Financial by 5.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 254,916 shares of the bank’s stock valued at $4,940,000 after buying an additional 13,136 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RF shares. Keefe, Bruyette & Woods reduced their price objective on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. Truist Financial raised their price objective on Regions Financial from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Evercore ISI decreased their price target on Regions Financial from $22.00 to $21.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. Wedbush upgraded Regions Financial from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $23.00 to $28.00 in a research note on Tuesday. Finally, Royal Bank of Canada lifted their target price on shares of Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.06.

Regions Financial Trading Down 1.7 %

NYSE RF opened at $22.54 on Thursday. The company has a fifty day moving average of $22.15 and a 200 day moving average of $20.49. The company has a market capitalization of $20.64 billion, a PE ratio of 12.25, a P/E/G ratio of 2.95 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. Regions Financial Co. has a 1 year low of $13.72 and a 1 year high of $23.47.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, July 19th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company’s revenue was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. Research analysts forecast that Regions Financial Co. will post 2.01 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.25 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.44%. Regions Financial’s dividend payout ratio (DPR) is presently 54.35%.

Regions Financial Company 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.