Empowered Funds LLC Has $374,000 Stake in Regions Financial Co. (NYSE:RF)

Empowered Funds LLC cut its holdings in shares of Regions Financial Co. (NYSE:RF) by 73.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,017 shares of the bank’s stock after selling 45,026 shares during the quarter. Empowered Funds LLC’s holdings in Regions Financial were worth $374,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RF. Empirical Finance LLC grew its position in shares of Regions Financial by 2.1% in the third quarter. Empirical Finance LLC now owns 32,560 shares of the bank’s stock valued at $760,000 after purchasing an additional 669 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Regions Financial by 6.8% in the 3rd quarter. CIBC Asset Management Inc now owns 157,600 shares of the bank’s stock valued at $3,677,000 after buying an additional 10,026 shares in the last quarter. Chase Investment Counsel Corp increased its position in Regions Financial by 5.7% during the 3rd quarter. Chase Investment Counsel Corp now owns 13,551 shares of the bank’s stock worth $316,000 after buying an additional 733 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Regions Financial by 87.1% during the third quarter. Aptus Capital Advisors LLC now owns 67,634 shares of the bank’s stock worth $1,578,000 after buying an additional 31,478 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of Regions Financial by 23.5% in the third quarter. Apollon Wealth Management LLC now owns 20,287 shares of the bank’s stock valued at $473,000 after acquiring an additional 3,863 shares during the period. Institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RF. Evercore ISI raised their price target on shares of Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Citigroup increased their price target on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Truist Financial lifted their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and an average target price of $26.41.

Regions Financial Stock Up 0.7 %

Shares of RF opened at $27.47 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 52 week low of $15.79 and a 52 week high of $27.96. The stock has a market capitalization of $24.97 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.83 and a beta of 1.16. The stock has a fifty day moving average of $24.16 and a 200-day moving average of $21.91.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business posted $0.49 earnings per share. Regions Financial’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Regions Financial Co. will post 2.12 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

Regions Financial 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.