Regions Financial Co. (NYSE:RF) Shares Bought by Ethic Inc.

Ethic Inc. grew its holdings in shares of Regions Financial Co. (NYSE:RF) by 45.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,475 shares of the bank’s stock after purchasing an additional 20,703 shares during the period. Ethic Inc.’s holdings in Regions Financial were worth $1,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in Regions Financial by 4.0% during the first quarter. Commonwealth Equity Services LLC now owns 171,260 shares of the bank’s stock worth $3,538,000 after acquiring an additional 6,615 shares during the period. Natixis Advisors L.P. grew its holdings in Regions Financial by 53.4% during the first quarter. Natixis Advisors L.P. now owns 76,639 shares of the bank’s stock worth $1,583,000 after acquiring an additional 26,664 shares during the period. IFM Investors Pty Ltd grew its holdings in Regions Financial by 19.2% during the first quarter. IFM Investors Pty Ltd now owns 112,374 shares of the bank’s stock worth $2,322,000 after acquiring an additional 18,090 shares during the period. Commerce Bank grew its holdings in Regions Financial by 4.7% during the first quarter. Commerce Bank now owns 40,370 shares of the bank’s stock worth $834,000 after acquiring an additional 1,812 shares during the period. Finally, Wesbanco Bank Inc. acquired a new position in Regions Financial during the first quarter worth about $206,000. 73.07% of the stock is currently owned by institutional investors.

Shares of NYSE RF opened at $19.45 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $19.76 and its two-hundred day moving average is $20.83. The company has a market cap of $18.57 billion, a P/E ratio of 7.69, a P/E/G ratio of 1.15 and a beta of 1.52. Regions Financial Co. has a 12 month low of $10.60 and a 12 month high of $23.81.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, July 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.24. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Regions Financial had a return on equity of 15.63% and a net margin of 38.28%. During the same period in the previous year, the business posted ($0.25) earnings per share. Sell-side analysts expect that Regions Financial Co. will post 2.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Friday, September 3rd will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 2nd. This is a boost from Regions Financial’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.50%. Regions Financial’s payout ratio is currently 59.62%.

RF has been the topic of a number of analyst reports. Compass Point lifted their price target on Regions Financial from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, May 18th. Keefe, Bruyette & Woods cut Regions Financial from an “outperform” rating to an “underperform” rating and set a $18.00 price target on the stock. in a research note on Wednesday, July 7th. Raymond James lowered Regions Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 8th. Morgan Stanley restated an “overweight” rating and set a $19.29 price objective (down from $24.00) on shares of Regions Financial in a research report on Monday, July 26th. Finally, Stephens lowered Regions Financial from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $23.00 to $22.00 in a research report on Wednesday, September 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.84.

Regions Financial Company Profile

Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, and Wealth Management.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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