Western Wealth Management LLC Raises Stock Position in Regions Financial Corporation $RF

Western Wealth Management LLC grew its holdings in Regions Financial Corporation (NYSE:RF) by 19.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,306 shares of the bank’s stock after purchasing an additional 4,861 shares during the quarter. Western Wealth Management LLC’s holdings in Regions Financial were worth $689,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hardy Reed LLC lifted its holdings in Regions Financial by 1.6% during the 2nd quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock worth $606,000 after buying an additional 404 shares in the last quarter. Greenwood Capital Associates LLC increased its position in shares of Regions Financial by 0.6% during the second quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock worth $1,703,000 after acquiring an additional 427 shares during the period. IFG Advisory LLC raised its stake in shares of Regions Financial by 0.9% in the first quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock valued at $1,142,000 after acquiring an additional 470 shares in the last quarter. Signet Financial Management LLC raised its stake in shares of Regions Financial by 4.6% in the second quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock valued at $256,000 after acquiring an additional 483 shares in the last quarter. Finally, Master S Wealth Management Inc. boosted its holdings in Regions Financial by 1.2% in the second quarter. Master S Wealth Management Inc. now owns 40,303 shares of the bank’s stock valued at $948,000 after purchasing an additional 485 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RF shares. Cantor Fitzgerald initiated coverage on Regions Financial in a report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 price target on the stock. Truist Financial lowered their price objective on Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Citigroup raised their target price 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. DA Davidson lifted their price target 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. Finally, Barclays reissued an “underweight” rating and issued a $27.00 price objective (up from $24.00) on shares of Regions Financial in a research report on Monday, July 21st. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.19.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $24.30 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $27.96. The firm’s 50 day moving average is $25.38 and its two-hundred day moving average is $24.47. The firm has a market capitalization of $21.31 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.24 and a beta of 1.07.

Regions Financial (NYSE:RF) last issued its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion during the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. Research analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 annualized dividend and a dividend yield of 4.4%. Regions Financial’s dividend payout ratio (DPR) is presently 46.70%.

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.