Larson Financial Group LLC Acquires 2,637 Shares of Regions Financial Co. (NYSE:RF)

Larson Financial Group LLC grew its holdings in shares of Regions Financial Co. (NYSE:RF) by 105.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,149 shares of the bank’s stock after purchasing an additional 2,637 shares during the period. Larson Financial Group LLC’s holdings in Regions Financial were worth $103,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Regions Financial by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank’s stock valued at $2,281,118,000 after buying an additional 3,119,237 shares during the last quarter. Bessemer Group Inc. boosted its stake in Regions Financial by 281.7% in the 1st quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock worth $1,675,000 after purchasing an additional 58,739 shares in the last quarter. Mizuho Markets Americas LLC grew its position in Regions Financial by 35.6% during the 4th quarter. Mizuho Markets Americas LLC now owns 153,136 shares of the bank’s stock valued at $2,968,000 after purchasing an additional 40,200 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Regions Financial by 1,676.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 93,711 shares of the bank’s stock valued at $1,816,000 after purchasing an additional 88,437 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its holdings in Regions Financial by 1,075.7% in the first quarter. UniSuper Management Pty Ltd now owns 44,781 shares of the bank’s stock worth $942,000 after buying an additional 40,972 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RF. Bank of America increased their price target on shares of Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Evercore ISI reduced their target price on Regions Financial from $22.00 to $21.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Morgan Stanley upped their price target on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Jefferies Financial Group lifted their price objective on Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, Wells Fargo & Company boosted their target price on Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Regions Financial has an average rating of “Hold” and a consensus target price of $21.51.

Regions Financial Stock Down 1.9 %

RF opened at $22.17 on Friday. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $23.47. The firm’s 50 day simple moving average is $21.59 and its two-hundred day simple moving average is $20.15. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $20.30 billion, a PE ratio of 12.05, a PEG ratio of 3.01 and a beta of 1.17.

Regions Financial (NYSE:RF) last announced 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. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the firm earned $0.59 EPS. Regions Financial’s revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, equities analysts forecast that Regions Financial Co. will post 2 EPS for the current year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.25 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Tuesday, September 3rd. Regions Financial’s payout ratio is presently 54.35%.

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.