Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New $630,000 Investment in Regions Financial Corporation $RF

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Regions Financial Corporation (NYSE:RF) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,128 shares of the bank’s stock, valued at approximately $630,000.

Several other large investors have also recently bought and sold shares of the stock. Swiss Life Asset Management Ltd increased its position in Regions Financial by 244.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after buying an additional 1,600,926 shares during the last quarter. Waterloo Capital L.P. raised its stake in Regions Financial by 123.7% in the 4th quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock valued at $3,683,000 after acquiring an additional 75,149 shares during the period. Evergreen Capital Management LLC bought a new stake in Regions Financial in the 4th quarter valued at $1,939,000. iA Global Asset Management Inc. lifted its holdings in Regions Financial by 148.4% during the 4th quarter. iA Global Asset Management Inc. now owns 129,823 shares of the bank’s stock valued at $3,518,000 after purchasing an additional 77,567 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Regions Financial by 3.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,859,466 shares of the bank’s stock worth $51,247,000 after purchasing an additional 69,191 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Regions Financial

In related news, EVP Brian R. Willman sold 7,014 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Regions Financial Stock Performance

NYSE RF opened at $31.67 on Friday. The firm’s 50 day simple moving average is $28.95 and its 200 day simple moving average is $28.24. The firm has a market capitalization of $27.03 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.25 and a beta of 1.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial Corporation has a 1 year low of $22.70 and a 1 year high of $32.47.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. As a group, research analysts expect that Regions Financial Corporation will post 2.6 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. Regions Financial’s payout ratio is presently 44.17%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RF shares. Wells Fargo & Company upped their price target on shares of Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Piper Sandler dropped their price target on Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 30th. Stephens began coverage on Regions Financial in a report on Monday, June 15th. They issued an “equal weight” rating and a $31.00 price objective on the stock. Evercore reissued an “underperform” rating and set a $31.00 target price on shares of Regions Financial in a report on Monday, July 6th. Finally, Morgan Stanley lifted their price objective on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.32.

Key Regions Financial News

Here are the key news stories impacting Regions Financial this week:

• Positive Sentiment: Regions Financial beat Q2 earnings expectations, reporting $0.68 per share versus forecasts around $0.63-$0.64, which suggests better-than-expected profitability. Regions Financial (RF) Q2 Earnings Beat Estimates
• Positive Sentiment: Net interest income and lower credit provision helped offset higher expenses, signaling solid underlying banking trends and improving asset quality. Regions Financial Q2 earnings beat on solid NII, lower credit provision
• Positive Sentiment: The company raised its quarterly dividend by 13.2% to $0.30 per share, a sign of management confidence and a shareholder-friendly capital return policy. Regions Financial Corp. Announces 13% Increase in Common Stock Dividend and Declares Preferred Stock Dividends
• Neutral Sentiment: Revenue was slightly below expectations, which tempers the earnings beat and suggests some top-line pressure remains. Regions Financial Q2 Earnings Beat Estimates, NII, Expenses Up Y/Y

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.