Certuity LLC Raises Position in Regions Financial Co. (NYSE:RF)

Certuity LLC raised its holdings in shares of Regions Financial Co. (NYSE:RF) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,417 shares of the bank’s stock after buying an additional 908 shares during the period. Certuity LLC’s holdings in Regions Financial were worth $2,052,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in Regions Financial during the 2nd quarter valued at $320,000. Savant Capital LLC lifted its holdings in Regions Financial by 152.6% in the 2nd quarter. Savant Capital LLC now owns 64,510 shares of the bank’s stock worth $1,293,000 after buying an additional 38,969 shares during the period. Candriam S.C.A. grew its position in shares of Regions Financial by 1.5% in the 2nd quarter. Candriam S.C.A. now owns 114,448 shares of the bank’s stock worth $2,293,000 after buying an additional 1,744 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Regions Financial by 17.1% during the second quarter. Victory Capital Management Inc. now owns 2,965,126 shares of the bank’s stock valued at $59,421,000 after buying an additional 433,319 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of Regions Financial by 23.2% during the second quarter. National Bank of Canada FI now owns 252,317 shares of the bank’s stock valued at $5,021,000 after acquiring an additional 47,465 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RF has been the topic of a number of research reports. Evercore ISI cut their target price on shares of Regions Financial from $22.00 to $21.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Jefferies Financial Group lifted their price target on Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. StockNews.com downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. Morgan Stanley lifted their target price on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Finally, Bank of America raised their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.51.

Regions Financial Stock Down 1.9 %

Shares of RF opened at $22.17 on Friday. The business’s 50 day moving average is $21.59 and its 200 day moving average is $20.15. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $23.47. The company has a market capitalization of $20.30 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 3.01 and a beta of 1.17.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 19th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Research analysts expect that Regions Financial Co. will post 2 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be given a $0.25 dividend. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Tuesday, September 3rd. Regions Financial’s dividend payout ratio is 54.35%.

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.