Regions Financial Co. (NYSE:RF) Shares Acquired by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC raised its holdings in shares of Regions Financial Co. (NYSE:RFGet Rating) by 43.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,118 shares of the bank’s stock after purchasing an additional 940 shares during the period. MBM Wealth Consultants LLC’s holdings in Regions Financial were worth $69,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RF. Baird Financial Group Inc. increased its position in shares of Regions Financial by 6.9% during the fourth quarter. Baird Financial Group Inc. now owns 39,171 shares of the bank’s stock worth $854,000 after purchasing an additional 2,544 shares in the last quarter. Citigroup Inc. increased its position in shares of Regions Financial by 2.0% during the fourth quarter. Citigroup Inc. now owns 758,860 shares of the bank’s stock worth $16,543,000 after purchasing an additional 14,746 shares in the last quarter. Pictet Asset Management SA increased its position in shares of Regions Financial by 87.4% during the fourth quarter. Pictet Asset Management SA now owns 989,974 shares of the bank’s stock worth $21,581,000 after purchasing an additional 461,630 shares in the last quarter. Confluence Wealth Services Inc. acquired a new position in shares of Regions Financial during the fourth quarter worth $29,000. Finally, Rhumbline Advisers increased its position in shares of Regions Financial by 0.8% during the fourth quarter. Rhumbline Advisers now owns 1,621,209 shares of the bank’s stock worth $35,342,000 after purchasing an additional 12,497 shares in the last quarter. 73.61% of the stock is owned by institutional investors and hedge funds.

Regions Financial Price Performance

NYSE:RF opened at $22.21 on Friday. Regions Financial Co. has a one year low of $18.01 and a one year high of $25.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $20.75 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.32 and a beta of 1.26. The firm’s fifty day moving average is $21.04 and its two-hundred day moving average is $21.18.

Regions Financial (NYSE:RFGet Rating) last posted its quarterly earnings results on Friday, July 22nd. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06. Regions Financial had a net margin of 32.85% and a return on equity of 14.07%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company earned $0.77 earnings per share. Research analysts expect that Regions Financial Co. will post 2.34 EPS for the current year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.20 per share. This is a positive change from Regions Financial’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Thursday, September 1st. Regions Financial’s dividend payout ratio is presently 36.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RF shares. Raymond James raised Regions Financial from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research report on Thursday, July 7th. Wolfe Research cut their target price on Regions Financial from $24.00 to $20.00 and set a “peer perform” rating on the stock in a research report on Thursday, May 26th. Robert W. Baird reissued a “neutral” rating and issued a $23.00 target price on shares of Regions Financial in a research report on Wednesday, August 3rd. Truist Financial cut their target price on Regions Financial from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, June 15th. Finally, Morgan Stanley upped their target price on Regions Financial from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Monday, July 25th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.79.

Regions Financial Company Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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