UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $244.01 Million Stock Position in Regions Financial Corporation $RF

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Regions Financial Corporation (NYSE:RF) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,079,871 shares of the bank’s stock after selling 39,851 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Regions Financial were worth $244,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its holdings in shares of Regions Financial by 3.9% during the fourth quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock worth $248,000 after buying an additional 346 shares in the last quarter. WPG Advisers LLC boosted its holdings in shares of Regions Financial by 83.5% in the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after acquiring an additional 370 shares in the last quarter. Master S Wealth Management Inc. grew its position in Regions Financial by 1.0% during the 1st quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock worth $1,009,000 after acquiring an additional 372 shares during the last quarter. Van ECK Associates Corp grew its position in Regions Financial by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock worth $911,000 after acquiring an additional 373 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID grew its position in Regions Financial by 17.3% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock worth $68,000 after acquiring an additional 381 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on RF. Weiss Ratings reiterated a “buy (b)” rating on shares of Regions Financial in a research report on Friday, July 17th. Robert W. Baird restated an “underperform” rating and set a $28.00 target price on shares of Regions Financial in a report on Monday, July 6th. Wells Fargo & Company raised their target price on Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Stephens started coverage on Regions Financial in a report on Monday, June 15th. They issued an “equal weight” rating and a $31.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price target on shares of 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 given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and a consensus target price of $32.24.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $29.91 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $30.87 and a 200 day simple moving average of $28.79. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $32.47. The firm has a market cap of $25.48 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.16 and a beta of 1.00.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts predict that Regions Financial Corporation will post 2.63 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. Regions Financial’s payout ratio is 43.27%.

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.