B. Riley Wealth Advisors Inc. Has $403,000 Stock Holdings in Regions Financial Co. (NYSE:RF)

B. Riley Wealth Advisors Inc. raised its position in Regions Financial Co. (NYSE:RF) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,233 shares of the bank’s stock after acquiring an additional 584 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Regions Financial were worth $403,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RF. Raymond James & Associates increased its position in shares of Regions Financial by 1.2% during the second quarter. Raymond James & Associates now owns 1,109,588 shares of the bank’s stock valued at $22,236,000 after purchasing an additional 12,663 shares during the period. Fifth Third Bancorp boosted its stake in Regions Financial by 1.8% during the second quarter. Fifth Third Bancorp now owns 57,496 shares of the bank’s stock worth $1,152,000 after buying an additional 1,036 shares in the last quarter. &PARTNERS increased its holdings in Regions Financial by 35.3% in the 2nd quarter. &PARTNERS now owns 24,064 shares of the bank’s stock valued at $482,000 after buying an additional 6,281 shares during the period. Family Firm Inc. acquired a new position in shares of Regions Financial in the 2nd quarter valued at $56,000. Finally, EdgeRock Capital LLC bought a new position in shares of Regions Financial during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Performance

RF stock opened at $23.17 on Friday. The company has a 50 day moving average price of $25.20 and a 200 day moving average price of $22.65. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $21.06 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19.

Regions Financial (NYSE:RF) last released its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. Analysts forecast that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.32%. Regions Financial’s payout ratio is presently 56.50%.

Analyst Ratings Changes

A number of analysts recently weighed in on RF shares. Piper Sandler upped their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Barclays upped their price target on Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group lifted their price objective on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.61.

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.