Profund Advisors LLC owns $393,000 in Regions Financial Co. (NYSE:RF)

Profund Advisors LLC reduced its position in Regions Financial Co. (NYSE:RF – Free Report) by 7.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,595 shares of the bank’s stock after selling 1,688 shares during the period. Profund Advisors LLC’s holdings in Regions Financial were worth $393,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in RF. Ensign Peak Advisors Inc boosted its position in shares of Regions Financial by 8.7% in the second quarter. Ensign Peak Advisors Inc now owns 495,630 shares of the bank’s stock worth $9,932,000 after purchasing an additional 39,555 shares during the period. Arista Wealth Management LLC purchased a new stake in Regions Financial in the 2nd quarter valued at approximately $200,000. Sei Investments Co. raised its stake in Regions Financial by 11.0% in the second quarter. Sei Investments Co. now owns 523,033 shares of the bank’s stock valued at $10,480,000 after acquiring an additional 51,811 shares in the last quarter. Pacer Advisors Inc. raised its stake in Regions Financial by 4.4% in the 2nd quarter. Pacer Advisors Inc. now owns 67,078 shares of the bank’s stock valued at $1,344,000 after acquiring an additional 2,837 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in shares of Regions Financial by 1,533.3% in the second quarter. AE Wealth Management LLC now owns 645,659 shares of the bank’s stock valued at $12,939,000 after acquiring an additional 606,129 shares during the period. 79.39% of shares are held by hedge funds and other institutional investors.

Changes in Analyst Ratings

Several analysts have recently commented on the stock. Morgan Stanley upped their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods cut their price target on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Bank of America raised their price objective on Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Wedbush raised Regions Financial from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $23.00 to $28.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.06, based on data from MarketBeat.

Check out our latest research report on the financials of the regions

Financial transactions of the regions increased by 1.6%

Shares of RF stock opened at $22.90 on Friday. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $23.47. The company has a market cap of $20.97 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17. The company has a quick ratio of 0.83, a current ratio of 0.83, and a debt-to-equity ratio of 0.33. The company’s 50-day moving average is $22.15, and its two-hundred-day moving average is $20.49.

Regions Financial (NYSE:RF – Get Your Free Report ) last released its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. Regions Financial’s revenue was down 11.5% compared to the same quarter last year. During the same period last year, the business posted EPS of $0.59. Equities analysts predict that Regions Financial Co. will post 2.01 EPS for the current year.

Regions financial increases dividends

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be given a $0.25 dividend. The ex-dividend date is Tuesday, September 3rd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 4.37%. Regions Financial’s payout ratio is currently 54.35%.

The financial profile of the regions

(Free Report)

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 provides commercial banking services such as commercial and industrial loans, commercial real estate and real estate loans for investors; equipment leasing financing; warehouse products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, mergers and acquisitions and other advisory services.

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