Fairvoy Private Wealth LLC Increases Stake in Regions Financial Corporation $RF

Fairvoy Private Wealth LLC boosted its position in shares of Regions Financial Corporation (NYSE:RF) by 2.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,221 shares of the bank’s stock after purchasing an additional 561 shares during the period. Fairvoy Private Wealth LLC’s holdings in Regions Financial were worth $546,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. American National Bank & Trust grew its position in Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,022 shares during the last quarter. Bayforest Capital Ltd grew its position in Regions Financial by 637.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,058 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Regions Financial during the 1st quarter valued at about $36,000. Groupe la Francaise purchased a new stake in shares of Regions Financial during the 1st quarter valued at about $41,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Regions Financial during the 2nd quarter valued at about $44,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

NYSE RF opened at $26.36 on Friday. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The stock has a market cap of $23.52 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.50 and a beta of 1.02. The company’s 50 day moving average is $26.34 and its two-hundred day moving average is $23.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30.

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

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.25. Regions Financial’s dividend payout ratio (DPR) is 49.30%.

Insider Buying and Selling

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total transaction of $750,300.00. Following the sale, the executive vice president owned 90,915 shares in the company, valued at approximately $2,273,784.15. This trade represents a 24.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roger W. Jenkins acquired 4,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were bought at an average cost of $25.48 per share, with a total value of $101,920.00. Following the completion of the acquisition, the director owned 6,383 shares in the company, valued at approximately $162,638.84. This represents a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RF. Morgan Stanley set a $32.00 price target on shares of Regions Financial in a report on Monday. Citigroup raised their price target on shares of Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a report on Saturday, September 27th. Keefe, Bruyette & Woods increased their price objective on shares of Regions Financial from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, DA Davidson increased their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Thirteen 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.89.

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.