Frank Rimerman Advisors LLC Purchases 7,333 Shares of Regions Financial Corporation $RF

Frank Rimerman Advisors LLC raised its position in Regions Financial Corporation (NYSE:RF) by 24.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,724 shares of the bank’s stock after acquiring an additional 7,333 shares during the period. Frank Rimerman Advisors LLC’s holdings in Regions Financial were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC grew its position in Regions Financial by 163.2% during the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock worth $25,000 after purchasing an additional 656 shares during the last quarter. American National Bank & Trust increased its position in shares of Regions Financial by 2,433.3% in the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,022 shares during the period. Bayforest Capital Ltd raised its stake in Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after acquiring an additional 1,058 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Regions Financial during the 2nd quarter worth about $30,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Regions Financial during the 2nd quarter valued at about $32,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Shares of RF stock opened at $24.19 on Wednesday. The company has a market capitalization of $21.21 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The firm’s 50-day moving average is $25.33 and its two-hundred day moving average is $24.49. 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 net margin of 22.49% and a return on equity of 13.05%. The company had revenue of $1.81 billion for the quarter. Analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, December 1st. Regions Financial’s dividend payout ratio is currently 46.70%.

Wall Street Analyst Weigh In

RF has been the topic of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a research note on Monday, September 29th. Stephens restated an “equal weight” rating and set a $27.00 target price (down from $30.00) on shares of Regions Financial in a research report on Tuesday, October 14th. Evercore ISI upped their price target on shares of Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Finally, Cowen reaffirmed a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.19.

About Regions Financial

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.