Regions Financial Corporation (NYSE:RF) Stock Position Increased by Amalgamated Bank

Amalgamated Bank boosted its position in Regions Financial Corporation (NYSE:RF) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 176,761 shares of the bank’s stock after purchasing an additional 1,554 shares during the quarter. Amalgamated Bank’s holdings in Regions Financial were worth $3,841,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Foster Victor Wealth Advisors LLC lifted its position in Regions Financial by 5.4% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 304,011 shares of the bank’s stock valued at $6,606,000 after purchasing an additional 15,652 shares during the last quarter. LBP AM SA lifted its position in Regions Financial by 149.4% in the 4th quarter. LBP AM SA now owns 730,614 shares of the bank’s stock valued at $17,184,000 after purchasing an additional 437,691 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of Regions Financial by 62.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank’s stock worth $440,000 after buying an additional 7,822 shares in the last quarter. LPL Financial LLC raised its position in shares of Regions Financial by 4.0% during the 4th quarter. LPL Financial LLC now owns 939,376 shares of the bank’s stock worth $22,094,000 after buying an additional 36,438 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Regions Financial by 128.6% during the 1st quarter. Farther Finance Advisors LLC now owns 11,105 shares of the bank’s stock worth $240,000 after buying an additional 6,248 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Performance

Regions Financial stock opened at $24.68 on Friday. The firm’s 50 day simple moving average is $21.91 and its 200-day simple moving average is $22.36. The company has a market cap of $22.19 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. During the same period in the previous year, the firm posted $0.37 earnings per share. As a group, equities research analysts predict that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Monday, June 2nd. Regions Financial’s payout ratio is 48.08%.

Analyst Ratings Changes

A number of research firms have commented on RF. JPMorgan Chase & Co. dropped their price target on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Citigroup boosted their price target on shares of Regions Financial from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen began coverage on shares of Regions Financial in a research report on Thursday, May 15th. They set a “buy” rating and a $31.00 price target on the stock. Barclays dropped their price target on shares of Regions Financial from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. Finally, Wells Fargo & Company dropped their price target on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.15.

About Regions Financial

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.