Gallagher Fiduciary Advisors LLC Takes Position in Regions Financial Corporation $RF

Gallagher Fiduciary Advisors LLC bought a new stake in shares of Regions Financial Corporation (NYSE:RF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,284 shares of the bank’s stock, valued at approximately $552,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Man Group plc purchased a new stake in Regions Financial during the second quarter valued at $13,821,000. Invst LLC bought a new position in Regions Financial during the second quarter valued at $998,000. Polar Asset Management Partners Inc. purchased a new position in shares of Regions Financial in the 2nd quarter worth $236,000. Jupiter Topco LLC purchased a new position in shares of Regions Financial in the 2nd quarter worth $3,186,000. Finally, Ancora Advisors LLC bought a new stake in shares of Regions Financial in the 2nd quarter worth about $73,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RF. Morgan Stanley upped their target price on shares of Regions Financial from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 price objective on shares of Regions Financial in a research note on Monday, July 20th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price objective on shares of Regions Financial in a research report on Friday, July 17th. DA Davidson raised their price objective on Regions Financial from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. lifted their target price on Regions Financial from $31.50 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Regions Financial has an average rating of “Hold” and an average target price of $32.24.

Regions Financial Trading Up 0.1%

Shares of RF opened at $30.66 on Wednesday. Regions Financial Corporation has a twelve month low of $22.70 and a twelve month high of $32.47. The company has a market cap of $26.12 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.17 and a beta of 1.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $30.73 and its 200-day simple moving average is $28.80.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 17th. The bank reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts expect that Regions Financial Corporation will post 2.63 EPS for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 is an increase from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 3.9%. Regions Financial’s payout ratio is 43.27%.

Regions Financial 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.