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

Forthright Family Wealth Advisory LLC purchased a new position in shares of Regions Financial Co. (NYSE:RF) in the 3rd quarter, Holdings Channel reports. The firm purchased 7,775 shares of the bank’s stock, valued at approximately $181,000.

A number of other large investors also recently bought and sold shares of RF. American National Bank & Trust increased its holdings in shares of 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 buying an additional 1,114 shares during the last quarter. Quarry LP grew its position 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 acquiring an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in 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 valued at $30,000 after acquiring an additional 1,256 shares during the period. Innealta Capital LLC acquired a new stake in Regions Financial during the second quarter worth about $32,000. Finally, EdgeRock Capital LLC purchased a new position in shares of Regions Financial in the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of NYSE RF traded down $0.07 during midday trading on Friday, hitting $24.98. The company’s stock had a trading volume of 897,518 shares, compared to its average volume of 7,850,090. The firm has a market cap of $22.70 billion, a P/E ratio of 14.15, a P/E/G ratio of 2.64 and a beta of 1.19. Regions Financial Co. has a 1-year low of $17.42 and a 1-year high of $27.96. The firm’s fifty day moving average price is $25.07 and its 200-day moving average price is $22.47. 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 (NYSE:RF) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. On average, sell-side analysts forecast that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

RF has been the subject of a number of research analyst reports. Wedbush increased their target price on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Barclays boosted their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research note on Monday. Evercore ISI upped their price target on shares of Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 2nd. Finally, Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.61.

Regions Financial 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.