Regions Financial Corporation $RF Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. increased its holdings in shares of Regions Financial Corporation (NYSE:RF) by 89.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,610 shares of the bank’s stock after purchasing an additional 115,458 shares during the quarter. Osaic Holdings Inc.’s holdings in Regions Financial were worth $5,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. raised its holdings in Regions Financial by 3.9% during the second quarter. Centaurus Financial Inc. now owns 10,230 shares of the bank’s stock worth $241,000 after purchasing an additional 382 shares in the last quarter. Hardy Reed LLC raised its stake in Regions Financial by 1.6% during the 2nd quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock worth $606,000 after acquiring an additional 404 shares in the last quarter. Greenwood Capital Associates LLC raised its stake in Regions Financial by 0.6% during the 2nd quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock worth $1,703,000 after acquiring an additional 427 shares in the last quarter. Signet Financial Management LLC raised its stake in Regions Financial by 4.6% during the 2nd quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock worth $256,000 after acquiring an additional 483 shares in the last quarter. Finally, Master S Wealth Management Inc. boosted its stake in Regions Financial by 1.2% in the second quarter. Master S Wealth Management Inc. now owns 40,303 shares of the bank’s stock valued at $948,000 after acquiring an additional 485 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Price Performance

Regions Financial stock opened at $27.83 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81. The business has a 50 day simple moving average of $25.30 and a 200-day simple moving average of $25.28. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.98. The stock has a market capitalization of $24.40 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04.

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

Regions Financial announced that its board has approved a share repurchase plan on Wednesday, December 10th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the bank to buy up to 12.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be paid a $0.265 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.8%. Regions Financial’s payout ratio is 46.70%.

Wall Street Analyst Weigh In

RF has been the subject of several research analyst reports. Cantor Fitzgerald began coverage on shares of Regions Financial in a research note on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 price objective for the company. Morgan Stanley set a $32.00 price target on Regions Financial in a research note on Monday, September 29th. Citigroup lifted their price target on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Regions Financial from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and an average price target of $28.21.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.