Ameritas Advisory Services LLC Makes New Investment in Regions Financial Corporation $RF

Ameritas Advisory Services LLC bought a new position in shares of Regions Financial Corporation (NYSE:RF) in the 4th quarter, HoldingsChannel reports. The fund bought 42,419 shares of the bank’s stock, valued at approximately $1,150,000.

Other hedge funds also recently bought and sold shares of the company. First Citizens Bank & Trust Co. boosted its stake in Regions Financial by 6.8% during the third quarter. First Citizens Bank & Trust Co. now owns 690,344 shares of the bank’s stock worth $18,204,000 after buying an additional 44,252 shares during the period. iA Global Asset Management Inc. purchased a new position in Regions Financial during the third quarter worth about $1,378,000. Teacher Retirement System of Texas boosted its stake in Regions Financial by 111.2% during the third quarter. Teacher Retirement System of Texas now owns 290,563 shares of the bank’s stock worth $7,662,000 after buying an additional 152,987 shares during the period. AGF Management Ltd. purchased a new position in shares of Regions Financial in the third quarter valued at approximately $1,669,000. Finally, American Century Companies Inc. boosted its stake in shares of Regions Financial by 85.9% in the third quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock valued at $121,976,000 after purchasing an additional 2,137,062 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Up 0.7%

Shares of NYSE:RF opened at $26.81 on Friday. The company has a market capitalization of $22.88 billion, a PE ratio of 11.17, a P/E/G ratio of 1.04 and a beta of 1.02. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial Corporation has a twelve month low of $20.79 and a twelve month high of $31.53. The firm has a 50 day simple moving average of $26.93 and a 200-day simple moving average of $27.16.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. On average, equities analysts predict that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s payout ratio is presently 44.17%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $31.00 price objective on shares of Regions Financial in a research note on Tuesday, January 20th. DA Davidson raised their price objective on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Morgan Stanley lowered their price objective on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Finally, UBS Group reissued a “neutral” rating and issued a $30.00 price objective on shares of Regions Financial in a research note on Wednesday, February 4th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.06.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.