Regions Financial Corporation $RF Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Regions Financial Corporation (NYSE:RF) by 1.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 9,827,358 shares of the bank’s stock after acquiring an additional 140,398 shares during the period. Dimensional Fund Advisors LP’s holdings in Regions Financial were worth $256,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in Regions Financial by 7.2% during the 1st quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock worth $416,000 after acquiring an additional 1,278 shares during the period. Woodline Partners LP raised its stake in shares of Regions Financial by 40.7% during the first quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock worth $1,669,000 after purchasing an additional 22,216 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Regions Financial by 0.7% during the second quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank’s stock worth $1,687,000 after purchasing an additional 511 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Regions Financial by 81.2% during the second quarter. Federated Hermes Inc. now owns 11,677 shares of the bank’s stock worth $275,000 after purchasing an additional 5,233 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Regions Financial by 5.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank’s stock valued at $3,320,000 after buying an additional 6,690 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insiders Place Their Bets

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RF shares. Wells Fargo & Company upped their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods lifted their target price on shares of Regions Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a report on Monday. Cantor Fitzgerald boosted their price target on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley increased their price target on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Regions Financial from $29.00 to $31.50 and gave the company a “neutral” rating in a research report on Monday, July 6th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.21.

Regions Financial Price Performance

Regions Financial stock opened at $30.87 on Thursday. Regions Financial Corporation has a one year low of $22.70 and a one year high of $32.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. The business has a fifty day moving average of $29.20 and a two-hundred day moving average of $28.33. The company has a market cap of $26.35 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.19 and a beta of 1.00.

Regions Financial (NYSE:RF) last posted 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. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts predict that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. 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 3.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial’s payout ratio is presently 43.27%.

Regions Financial Company 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.