Corient Private Wealth LP Invests $4.17 Million in Regions Financial Corporation $RF

Corient Private Wealth LP bought a new position in shares of Regions Financial Corporation (NYSE:RF) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 137,983 shares of the bank’s stock, valued at approximately $4,167,000.

Other institutional investors have also recently made changes to their positions in the company. WPG Advisers LLC raised its stake in Regions Financial by 83.5% during the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after buying an additional 370 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in Regions Financial during the 2nd quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in shares of Regions Financial in the second quarter valued at $25,000. Trust Co. of Vermont bought a new stake in shares of Regions Financial during the second quarter worth about $26,000. Finally, SouthState Bank Corp lifted its position in Regions Financial by 94.1% in the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after acquiring an additional 538 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald raised their target price on Regions Financial from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Robert W. Baird reissued an “underperform” rating and set a $28.00 price target on shares of Regions Financial in a research report on Monday, July 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price objective on shares of Regions Financial in a research note on Friday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regions Financial in a report on Friday, July 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.24.

Regions Financial Trading Down 1.4%

Shares of RF opened at $29.91 on Tuesday. The firm has a market cap of $25.48 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week 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 50-day moving average of $30.87 and a 200 day moving average of $28.79.

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

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 1st. Regions Financial’s dividend payout ratio (DPR) is currently 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.