Empower Advisory Group LLC Invests $360,000 in Regions Financial Corporation $RF

Empower Advisory Group LLC purchased a new position in shares of Regions Financial Corporation (NYSE:RF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,286 shares of the bank’s stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American National Bank & Trust boosted its stake in Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after acquiring an additional 1,022 shares during the last quarter. CVA Family Office LLC increased its position in shares of Regions Financial by 163.2% during the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock worth $25,000 after purchasing an additional 656 shares during the last quarter. Bayforest Capital Ltd raised its position in Regions Financial by 637.3% during the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after acquiring an additional 1,058 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Regions Financial in the 2nd quarter valued at about $30,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Regions Financial during the 2nd quarter worth approximately $32,000. Institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Cowen reiterated a “buy” rating on shares of Regions Financial in a research note on Tuesday, October 21st. Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a research report on Monday, September 29th. Evercore ISI upped their price objective on Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Truist Financial lowered their target price on Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Finally, Citigroup lifted their target price on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.19.

Regions Financial Price Performance

RF stock opened at $24.95 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market cap of $21.87 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.24 and a beta of 1.07. The company’s fifty day simple moving average is $25.44 and its 200 day simple moving average is $24.44. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%.The firm had revenue of $1.81 billion during the quarter. On average, analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be paid a $0.265 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 annualized dividend and a yield of 4.2%. Regions Financial’s payout ratio is 46.70%.

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.