Empowered Funds LLC Has $374,000 Holdings in Regions Financial Co. (NYSE:RF)

Empowered Funds LLC decreased its position in Regions Financial Co. (NYSE:RF) by 73.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,017 shares of the bank’s stock after selling 45,026 shares during the period. Empowered Funds LLC’s holdings in Regions Financial were worth $374,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Swedbank AB acquired a new position in shares of Regions Financial during the first quarter valued at about $19,322,000. National Pension Service boosted its holdings in Regions Financial by 6.3% in the third quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after acquiring an additional 102,380 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Regions Financial by 47.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 275,757 shares of the bank’s stock valued at $5,666,000 after acquiring an additional 89,045 shares during the period. Sei Investments Co. increased its holdings in shares of Regions Financial by 11.0% during 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. Finally, Integrated Advisors Network LLC acquired a new position in shares of Regions Financial during the third quarter worth approximately $665,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $27.47 on Tuesday. The company’s fifty day simple moving average is $24.16 and its two-hundred day simple moving average is $21.91. Regions Financial Co. has a 12-month low of $15.79 and a 12-month high of $27.96. The firm has a market cap of $24.97 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.83 and a beta of 1.16. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. As a group, equities analysts expect that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.64%. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective 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. Wedbush boosted their price objective on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $24.00 to $26.00 in a report on Thursday, October 24th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Citigroup raised their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Regions Financial currently has a consensus rating of “Moderate Buy” and an average target price of $26.41.

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.