Regions Financial Corporation $RF Shares Acquired by Empowered Funds LLC

Empowered Funds LLC grew its position in Regions Financial Corporation (NYSE:RF) by 160.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 66,570 shares of the bank’s stock after buying an additional 41,024 shares during the quarter. Empowered Funds LLC’s holdings in Regions Financial were worth $1,739,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RF. Norges Bank acquired a new position in Regions Financial in the 4th quarter valued at $254,564,000. Victory Capital Management Inc. boosted its stake in Regions Financial by 68.9% during the 4th quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock worth $618,860,000 after purchasing an additional 9,312,449 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Regions Financial by 75.7% during the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after buying an additional 5,754,487 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Regions Financial by 286.2% during the third quarter. Qube Research & Technologies Ltd now owns 4,022,031 shares of the bank’s stock worth $106,061,000 after buying an additional 2,980,505 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Regions Financial by 151.2% in the third quarter. AQR Capital Management LLC now owns 3,939,544 shares of the bank’s stock valued at $103,886,000 after buying an additional 2,371,048 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RF. Morgan Stanley boosted their price target on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Truist Financial raised their target price on shares of Regions Financial from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. DA Davidson boosted their target price on Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods upped their price target on Regions Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a research report on Monday, July 20th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $32.00 price target on shares of Regions Financial in a report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.24.

Regions Financial Price Performance

RF stock opened at $31.39 on Friday. Regions Financial Corporation has a 52-week low of $22.70 and a 52-week high of $32.47. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26. The stock has a market cap of $26.79 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. The business has a fifty day moving average of $30.01 and a two-hundred day moving average of $28.55.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. As a group, research analysts anticipate that Regions Financial Corporation will post 2.63 earnings per share for the current year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. Regions Financial’s dividend payout ratio is currently 48.98%.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.