Uptick Partners LLC Invests $560,000 in Regions Financial Corporation $RF

Uptick Partners LLC purchased a new stake in Regions Financial Corporation (NYSE:RF) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 18,547 shares of the bank’s stock, valued at approximately $560,000.

A number of other institutional investors have also modified their holdings of RF. Russell Investments Group Ltd. lifted its position in Regions Financial by 8.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,107,015 shares of the bank’s stock valued at $63,645,000 after purchasing an additional 165,527 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in Regions Financial by 244.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after purchasing an additional 1,600,926 shares during the last quarter. Evergreen Capital Management LLC bought a new position in Regions Financial in the 4th quarter worth about $1,939,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Regions Financial by 3.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,859,466 shares of the bank’s stock valued at $51,247,000 after purchasing an additional 69,191 shares during the period. Finally, Waterloo Capital L.P. increased its stake in shares of Regions Financial by 123.7% in the fourth quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock valued at $3,683,000 after purchasing an additional 75,149 shares during the period. Institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Evercore reiterated an “underperform” rating and set a $31.00 price objective on shares of Regions Financial in a research report on Monday, July 6th. Morgan Stanley raised their target price on Regions Financial from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Citigroup lifted their target price on Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Wells Fargo & Company boosted their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $32.00 price target on shares of Regions Financial in a research report on Friday, July 17th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.24.

Regions Financial Stock Down 3.4%

RF stock opened at $30.61 on Thursday. The firm’s 50-day moving average is $30.61 and its two-hundred day moving average is $28.78. The company has a market capitalization of $26.08 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 1.21 and a beta of 1.00. Regions Financial Corporation has a 52 week low of $22.70 and a 52 week high of $32.47. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, July 17th. The bank reported $0.68 EPS for the quarter, topping the consensus estimate of $0.63 by $0.05. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. On average, analysts forecast that Regions Financial Corporation will post 2.63 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 Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s dividend payout ratio (DPR) is presently 43.27%.

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.