Meadow Creek Wealth Advisors LLC Invests $219,000 in Regions Financial Co. (NYSE:RF)

Meadow Creek Wealth Advisors LLC acquired a new stake in Regions Financial Co. (NYSE:RF) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,372 shares of the bank’s stock, valued at approximately $219,000.

A number of other institutional investors have also made changes to their positions in RF. Cincinnati Insurance Co. acquired a new stake in Regions Financial in the 1st quarter valued at approximately $74,606,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of Regions Financial during the first quarter worth $33,829,000. Allspring Global Investments Holdings LLC raised its position in shares of Regions Financial by 13.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after acquiring an additional 1,014,706 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Regions Financial by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock worth $285,562,000 after acquiring an additional 979,597 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Regions Financial during the first quarter worth $19,322,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Up 0.0 %

NYSE RF opened at $23.64 on Wednesday. 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 stock has a market capitalization of $21.65 billion, a PE ratio of 12.85, a PEG ratio of 2.80 and a beta of 1.17. Regions Financial Co. has a 1 year low of $13.72 and a 1 year high of $24.47. The business’s 50-day moving average is $22.76 and its 200 day moving average is $20.94.

Regions Financial (NYSE:RF) last released its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. Regions Financial’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. Sell-side analysts forecast that Regions Financial Co. will post 2.02 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Monday, December 2nd. Regions Financial’s payout ratio is 54.35%.

Analysts Set New Price Targets

A number of brokerages recently commented on RF. Keefe, Bruyette & Woods decreased their price objective on Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. Wedbush upped their price objective on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday. Jefferies Financial Group upped their target price on Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Citigroup upped their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.64.

About Regions Financial

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.