Empower Advisory Group LLC Takes Position in Regions Financial Corporation $RF

Empower Advisory Group LLC bought a new stake in Regions Financial Corporation (NYSE:RF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,286 shares of the bank’s stock, valued at approximately $360,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RF. American National Bank & Trust increased its holdings in shares of Regions Financial by 2,433.3% during the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,022 shares in the last quarter. CVA Family Office LLC grew its position in Regions Financial by 163.2% in the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after purchasing an additional 656 shares during the period. Bayforest Capital Ltd increased its stake in 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 purchasing an additional 1,058 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Regions Financial during the 2nd quarter valued at $30,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Regions Financial during the second quarter worth $32,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $24.95 on Monday. The business’s fifty day simple moving average is $25.44 and its 200 day simple moving average is $24.44. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The firm has a market capitalization of $21.87 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07.

Regions Financial (NYSE:RF) last announced its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (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, analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be given a $0.265 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 annualized dividend and a yield of 4.2%. Regions Financial’s payout ratio is currently 46.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RF shares. Evercore ISI boosted their target price on shares of Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Morgan Stanley set a $32.00 price objective on Regions Financial in a research note on Monday, September 29th. Citigroup lifted their target price on Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. DA Davidson increased their price target on Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods raised 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. Nine equities 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 company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.19.

Regions Financial Company 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.