Regions Financial Corporation $RF Shares Acquired by Cwm LLC

Cwm LLC boosted its holdings in Regions Financial Corporation (NYSE:RF) by 93.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,643 shares of the bank’s stock after purchasing an additional 40,883 shares during the quarter. Cwm LLC’s holdings in Regions Financial were worth $2,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RF. Commerzbank Aktiengesellschaft FI grew its stake in shares of Regions Financial by 34.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 61,387 shares of the bank’s stock valued at $1,444,000 after purchasing an additional 15,820 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Regions Financial by 3.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,972,531 shares of the bank’s stock worth $216,866,000 after purchasing an additional 325,382 shares during the last quarter. Nordea Investment Management AB grew its position in Regions Financial by 4.9% in the 2nd quarter. Nordea Investment Management AB now owns 419,311 shares of the bank’s stock valued at $9,913,000 after buying an additional 19,579 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its position in Regions Financial by 3.7% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 315,402 shares of the bank’s stock valued at $7,768,000 after buying an additional 11,391 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in Regions Financial by 89.4% in the 2nd quarter. Osaic Holdings Inc. now owns 244,610 shares of the bank’s stock valued at $5,510,000 after buying an additional 115,458 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

NYSE RF opened at $27.56 on Friday. The business has a 50 day moving average price of $25.89 and a 200 day moving average price of $25.60. The company has a market capitalization of $24.16 billion, a P/E ratio of 12.14, a PEG ratio of 1.12 and a beta of 1.03. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $27.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81.

Regions Financial (NYSE:RF) last posted its earnings results on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%.The company had revenue of $1.81 billion for the quarter. Sell-side analysts expect that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial announced that its board has approved a stock repurchase plan on Wednesday, December 10th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the bank to purchase up to 12.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Regions Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

RF has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods increased their price target on shares of Regions Financial from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a research report on Monday, September 29th. Wall Street Zen lowered Regions Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Finally, Cowen reiterated a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Regions Financial presently has a consensus rating of “Hold” and an average price target of $28.21.

Regions Financial Company 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.