XML Financial LLC Reduces Stock Holdings in Regions Financial Co. (NYSE:RF)

XML Financial LLC lessened its holdings in shares of Regions Financial Co. (NYSE:RF) by 5.0% in the second quarter, Holdings Channel.com reports. The firm owned 48,000 shares of the bank’s stock after selling 2,500 shares during the period. XML Financial LLC’s holdings in Regions Financial were worth $962,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Centennial Wealth Advisory LLC acquired a new position in shares of Regions Financial in the 2nd quarter worth approximately $368,000. Fifth Third Bancorp grew its position in shares of Regions Financial by 1.8% in the 2nd quarter. Fifth Third Bancorp now owns 57,496 shares of the bank’s stock worth $1,152,000 after acquiring an additional 1,036 shares in the last quarter. LongView Wealth Management grew its position in shares of Regions Financial by 8.0% in the 2nd quarter. LongView Wealth Management now owns 18,097 shares of the bank’s stock worth $363,000 after acquiring an additional 1,337 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Regions Financial by 0.6% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 444,317 shares of the bank’s stock worth $8,904,000 after acquiring an additional 2,795 shares in the last quarter. Finally, Western Wealth Management LLC grew its position in shares of Regions Financial by 6.7% in the 2nd quarter. Western Wealth Management LLC now owns 27,548 shares of the bank’s stock worth $552,000 after acquiring an additional 1,739 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

RF has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Keefe, Bruyette & Woods reduced their price objective on Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Royal Bank of Canada boosted their price objective on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company lifted their target price on Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Regions Financial presently has an average rating of “Hold” and a consensus target price of $21.51.

Regions Financial Price Performance

Shares of RF traded down $0.05 during midday trading on Wednesday, reaching $21.79. The stock had a trading volume of 5,932,538 shares, compared to its average volume of 8,049,355. Regions Financial Co. has a 52 week low of $13.72 and a 52 week high of $22.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. The firm’s 50 day moving average price is $20.68 and its 200-day moving average price is $19.76. The company has a market capitalization of $19.96 billion, a P/E ratio of 11.84, a P/E/G ratio of 2.77 and a beta of 1.18.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. Regions Financial’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share. On average, analysts forecast that Regions Financial Co. will post 2 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 3rd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.59%. Regions Financial’s payout ratio is 54.35%.

Regions Financial Company 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.