Blair William & Co. IL Sells 3,320 Shares of Regions Financial Co. (NYSE:RF)

Blair William & Co. IL reduced its stake in Regions Financial Co. (NYSE:RF) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 257,793 shares of the bank’s stock after selling 3,320 shares during the period. Blair William & Co. IL’s holdings in Regions Financial were worth $5,166,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. IFG Advisory LLC raised its holdings in Regions Financial by 1.8% in the second quarter. IFG Advisory LLC now owns 30,928 shares of the bank’s stock worth $620,000 after purchasing an additional 546 shares during the period. HB Wealth Management LLC lifted its holdings in Regions Financial by 0.6% during the first quarter. HB Wealth Management LLC now owns 96,720 shares of the bank’s stock worth $2,035,000 after acquiring an additional 551 shares in the last quarter. CWM LLC lifted its holdings in Regions Financial by 1.4% during the first quarter. CWM LLC now owns 41,137 shares of the bank’s stock worth $866,000 after acquiring an additional 556 shares in the last quarter. Perigon Wealth Management LLC grew its stake in Regions Financial by 2.8% in the first quarter. Perigon Wealth Management LLC now owns 20,594 shares of the bank’s stock valued at $433,000 after acquiring an additional 565 shares during the period. Finally, Signet Financial Management LLC increased its holdings in shares of Regions Financial by 4.9% in the first quarter. Signet Financial Management LLC now owns 12,438 shares of the bank’s stock worth $262,000 after acquiring an additional 584 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Down 1.1 %

RF stock opened at $23.11 on Friday. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 2.82 and a beta of 1.17. Regions Financial Co. has a twelve month low of $13.72 and a twelve month high of $23.47. The business has a 50 day moving average price of $22.08 and a two-hundred day moving average price of $20.42. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The firm’s revenue was down 11.5% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. Analysts anticipate that Regions Financial Co. will post 2 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be paid a $0.25 dividend. This is an increase from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.33%. The ex-dividend date is Tuesday, September 3rd. Regions Financial’s dividend payout ratio (DPR) is 54.35%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RF shares. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Keefe, Bruyette & Woods reduced their price target on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Bank of America increased their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Truist Financial boosted their price objective on shares of Regions Financial from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Friday. Finally, Wells Fargo & Company increased their target price on Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Regions Financial currently has an average rating of “Hold” and a consensus target price of $21.69.

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.