San Luis Wealth Advisors LLC Takes Position in Regions Financial Co. (NYSE:RF)

San Luis Wealth Advisors LLC purchased a new stake in shares of Regions Financial Co. (NYSE:RF) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 22,500 shares of the bank’s stock, valued at approximately $489,000.

A number of other hedge funds have also recently made changes to their positions in RF. Norges Bank bought a new position in shares of Regions Financial during the fourth quarter worth about $279,103,000. Invesco Ltd. raised its position in shares of Regions Financial by 14.5% during the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank’s stock worth $363,823,000 after acquiring an additional 1,963,954 shares during the last quarter. Deutsche Bank AG raised its position in shares of Regions Financial by 52.7% during the fourth quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank’s stock worth $129,892,000 after acquiring an additional 1,907,121 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Regions Financial by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock worth $686,398,000 after acquiring an additional 1,396,647 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Regions Financial during the fourth quarter worth about $31,480,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TD Cowen assumed coverage on Regions Financial in a report on Thursday, May 15th. They issued a “buy” rating and a $31.00 target price for the company. Cowen assumed coverage on Regions Financial in a report on Wednesday, May 14th. They issued a “buy” rating for the company. Wall Street Zen upgraded Regions Financial from a “sell” rating to a “hold” rating in a report on Sunday. Morgan Stanley lowered their target price on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, April 7th. Finally, Barclays lowered their target price on Regions Financial from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.80.

Regions Financial Trading Up 0.6%

Shares of RF stock opened at $21.64 on Tuesday. The company’s fifty day simple moving average is $20.99 and its two-hundred day simple moving average is $22.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a 1 year low of $17.74 and a 1 year high of $27.96. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.93 and a beta of 0.96.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $0.37 EPS. As a group, analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.62%. Regions Financial’s payout ratio is 48.08%.

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.