Focus Partners Advisor Solutions LLC Has $724,000 Stock Holdings in Regions Financial Corporation $RF

Focus Partners Advisor Solutions LLC boosted its position in shares of Regions Financial Corporation (NYSE:RF) by 2.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 33,293 shares of the bank’s stock after purchasing an additional 755 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Regions Financial were worth $724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bayforest Capital Ltd raised its position in shares of Regions Financial by 637.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,058 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Regions Financial during the 1st quarter valued at $36,000. Grove Bank & Trust raised its position in shares of Regions Financial by 76.6% during the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank’s stock valued at $41,000 after acquiring an additional 814 shares during the last quarter. Groupe la Francaise bought a new stake in shares of Regions Financial during the 1st quarter valued at $41,000. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of Regions Financial during the 1st quarter valued at $58,000. Institutional investors own 79.39% of the company’s stock.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the transaction, the executive vice president owned 90,915 shares in the company, valued at approximately $2,273,784.15. This represents a 24.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger W. Jenkins acquired 4,000 shares of Regions Financial stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average price of $25.48 per share, with a total value of $101,920.00. Following the completion of the purchase, the director owned 6,383 shares in the company, valued at approximately $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate insiders.

Regions Financial Price Performance

RF opened at $27.36 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The company has a fifty day simple moving average of $25.56 and a 200 day simple moving average of $22.87. The stock has a market cap of $24.41 billion, a P/E ratio of 12.73, a P/E/G ratio of 1.55 and a beta of 1.02.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. On average, research analysts expect that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.265 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. This represents a $1.06 dividend on an annualized basis and a yield of 3.9%. Regions Financial’s dividend payout ratio is currently 49.30%.

Wall Street Analyst Weigh In

Several analysts have commented on RF shares. TD Cowen started coverage on shares of Regions Financial in a research report on Thursday, May 15th. They set a “buy” rating and a $31.00 target price for the company. Barclays reiterated an “underweight” rating and set a $27.00 target price (up previously from $24.00) on shares of Regions Financial in a research report on Monday, July 21st. Citigroup upped their price objective on shares of Regions Financial from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Morgan Stanley upped their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Finally, Stephens upped their price objective on shares of Regions Financial from $24.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.33.

Regions Financial 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.