Drucker Wealth 3.0 LLC Makes New Investment in Regions Financial Corporation $RF

Drucker Wealth 3.0 LLC acquired a new position in Regions Financial Corporation (NYSE:RF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,831 shares of the bank’s stock, valued at approximately $513,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hardy Reed LLC lifted its position in shares of Regions Financial by 1.6% during the 2nd quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock valued at $606,000 after buying an additional 404 shares in the last quarter. Greenwood Capital Associates LLC grew 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 purchasing an additional 427 shares during the period. IFG Advisory LLC grew its holdings 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 purchasing an additional 470 shares during the period. Signet Financial Management LLC boosted its holdings in Regions Financial by 4.6% during 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 during the period. Finally, Tectonic Advisors LLC boosted its holdings in Regions Financial by 2.4% during the 2nd quarter. Tectonic Advisors LLC now owns 21,871 shares of the bank’s stock valued at $514,000 after acquiring an additional 504 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Insiders Place Their Bets

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the sale, the executive vice president directly owned 90,915 shares in the company, valued at approximately $2,273,784.15. The trade was a 24.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roger W. Jenkins purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was bought at an average cost of $25.48 per share, with a total value of $101,920.00. Following the completion of the acquisition, the director owned 6,383 shares of the company’s stock, 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 insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RF shares. Keefe, Bruyette & Woods lifted their price objective on Regions Financial from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. DA Davidson raised their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Stephens lifted their price target on Regions Financial from $24.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Cantor Fitzgerald began coverage on Regions Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 target price on the stock. Finally, Wall Street Zen raised Regions Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.89.

Regions Financial Stock Down 4.5%

RF opened at $24.16 on Friday. The business’s fifty day moving average is $26.30 and its two-hundred day moving average is $23.59. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $21.56 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.39 and a beta of 1.02. Regions Financial Corporation has a one year low of $17.74 and a one year high of $27.96.

Regions Financial (NYSE:RF) last posted its earnings results on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. The company had revenue of $1.81 billion for the quarter. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%. Analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.265 per share. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a yield of 4.4%. Regions Financial’s dividend payout ratio (DPR) is presently 49.30%.

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.