Capital Investment Advisors LLC Increases Stock Position in Regions Financial Corporation $RF

Capital Investment Advisors LLC lifted its holdings in shares of Regions Financial Corporation (NYSE:RF) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,148 shares of the bank’s stock after acquiring an additional 1,693 shares during the period. Capital Investment Advisors LLC’s holdings in Regions Financial were worth $733,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RF. American National Bank & Trust grew its position in shares of Regions Financial by 2,433.3% during the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after acquiring an additional 1,022 shares during the last quarter. Bayforest Capital Ltd grew its position in shares of Regions Financial by 637.3% during the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after acquiring an additional 1,058 shares during the last quarter. Rossby Financial LCC purchased a new position in shares of Regions Financial during the first quarter worth approximately $36,000. Grove Bank & Trust lifted its holdings in shares of Regions Financial by 76.6% during the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank’s stock worth $41,000 after purchasing an additional 814 shares during the period. Finally, Groupe la Francaise acquired a new stake in shares of Regions Financial during the first quarter worth $41,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RF. Morgan Stanley set a $32.00 price target on Regions Financial in a report on Monday. Cantor Fitzgerald began coverage on Regions Financial in a report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 price target for the company. Stephens increased their price target on Regions Financial from $24.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. DA Davidson increased their price target on Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, Evercore ISI increased their price target on Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a report on Tuesday. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.89.

Regions Financial Price Performance

Regions Financial stock opened at $26.19 on Friday. Regions Financial Corporation has a one year low of $17.74 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. The business has a fifty day moving average of $26.34 and a two-hundred day moving average of $23.44. The company has a market cap of $23.37 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 1.51 and a beta of 1.02.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 18th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company earned $0.52 earnings per share. Regions Financial’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.265 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.06 annualized dividend and a dividend yield of 4.0%. Regions Financial’s dividend payout ratio is presently 49.30%.

Insider Buying and Selling at Regions Financial

In other news, EVP David R. Keenan sold 30,000 shares of Regions Financial stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the transaction, the executive vice president owned 90,915 shares of the company’s stock, valued at $2,273,784.15. The trade was a 24.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Roger W. Jenkins purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average cost of $25.48 per share, with a total value of $101,920.00. Following the purchase, the director directly owned 6,383 shares in the company, valued at approximately $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

Regions Financial Profile

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.