Universal Beteiligungs und Servicegesellschaft mbH Purchases 4,288 Shares of Regions Financial Corporation $RF

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Regions Financial Corporation (NYSE:RF) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 718,703 shares of the bank’s stock after acquiring an additional 4,288 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Regions Financial worth $16,904,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hardy Reed LLC grew its stake in Regions Financial by 1.6% during the second quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock worth $606,000 after purchasing an additional 404 shares during the period. Greenwood Capital Associates LLC boosted its holdings in shares of Regions Financial by 0.6% during the 2nd quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock worth $1,703,000 after buying an additional 427 shares in the last quarter. IFG Advisory LLC grew its position in shares of Regions Financial by 0.9% during the 1st quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock worth $1,142,000 after buying an additional 470 shares during the period. Signet Financial Management LLC increased its stake in shares of Regions Financial by 4.6% in the 2nd quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock valued at $256,000 after acquiring an additional 483 shares in the last quarter. Finally, Master S Wealth Management Inc. lifted its position in shares of Regions Financial by 1.2% during the 2nd quarter. Master S Wealth Management Inc. now owns 40,303 shares of the bank’s stock valued at $948,000 after acquiring an additional 485 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Down 0.4%

RF opened at $24.19 on Wednesday. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The firm has a market capitalization of $21.21 billion, a PE ratio of 10.66, a P/E/G ratio of 1.24 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81. The company’s 50-day moving average is $25.33 and its 200 day moving average is $24.49.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. The firm had revenue of $1.81 billion during the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%. As a group, research analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, December 1st. Regions Financial’s dividend payout ratio is presently 46.70%.

Analyst Upgrades and Downgrades

A number of research firms have commented on RF. Morgan Stanley set a $32.00 price target on shares of Regions Financial in a report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Regions Financial in a research note on Wednesday, October 8th. Stephens reaffirmed an “equal weight” rating and issued a $27.00 target price (down from $30.00) on shares of Regions Financial in a research report on Tuesday, October 14th. Citigroup increased their price target on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Evercore ISI raised their price objective on Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.19.

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.