Apollon Wealth Management LLC Purchases 3,863 Shares of Regions Financial Co. (NYSE:RF)

Apollon Wealth Management LLC lifted its holdings in Regions Financial Co. (NYSE:RF) by 23.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,287 shares of the bank’s stock after buying an additional 3,863 shares during the quarter. Apollon Wealth Management LLC’s holdings in Regions Financial were worth $473,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RF. American National Bank & Trust grew its holdings in Regions Financial by 1,856.7% in the third 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. EntryPoint Capital LLC bought a new position in Regions Financial during the 1st quarter valued at approximately $26,000. Quarry LP raised its stake in Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after buying an additional 816 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Regions Financial in the second quarter worth $32,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 0.3 %

Shares of RF stock opened at $26.36 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. Regions Financial Co. has a 12 month low of $15.79 and a 12 month high of $26.73. The stock has a market cap of $23.96 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.73 and a beta of 1.16. The company has a 50 day simple moving average of $23.61 and a two-hundred day simple moving average of $21.58.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, research analysts expect that Regions Financial Co. will post 2.1 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.79%. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group increased their price target on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Citigroup lifted their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.18.

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.