Forthright Family Wealth Advisory LLC Invests $181,000 in Regions Financial Co. (NYSE:RF)

Forthright Family Wealth Advisory LLC acquired a new stake in Regions Financial Co. (NYSE:RF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,775 shares of the bank’s stock, valued at approximately $181,000.

Several other hedge funds have also recently bought and sold shares of the company. American National Bank & Trust increased its holdings in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares during the period. Quarry LP grew its position in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after buying an additional 1,256 shares during the period. Innealta Capital LLC purchased a new stake in shares of Regions Financial during the second quarter worth approximately $32,000. Finally, EdgeRock Capital LLC acquired a new stake in Regions Financial in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Price Performance

Regions Financial stock traded down $0.07 during midday trading on Friday, reaching $24.98. The company’s stock had a trading volume of 897,518 shares, compared to its average volume of 7,850,090. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The firm has a market capitalization of $22.70 billion, a PE ratio of 14.15, a P/E/G ratio of 2.64 and a beta of 1.19. The stock’s 50 day simple moving average is $25.07 and its 200 day simple moving average is $22.47.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $0.49 earnings per share. Regions Financial’s revenue was down 3.7% on a year-over-year basis. On average, equities research analysts forecast that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

Analyst Ratings Changes

A number of equities research analysts have commented on RF shares. Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. DA Davidson increased their target price on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 21st. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Tuesday, October 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research report on Monday. Finally, Compass Point raised their target price on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.61.

Regions Financial Company 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.