Waterloo Capital L.P. Buys New Position in Regions Financial Corporation $RF

Waterloo Capital L.P. purchased a new position in shares of Regions Financial Corporation (NYSE:RF - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 57,603 shares of the bank's stock, valued at approximately $1,355,000.

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A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hardy Reed LLC boosted its holdings in Regions Financial by 1.6% in the second quarter. Hardy Reed LLC now owns 25,747 shares of the bank's stock worth $606,000 after acquiring an additional 404 shares in the last quarter. Greenwood Capital Associates LLC increased its position in shares of Regions Financial by 0.6% during the second quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank's stock valued at $1,703,000 after acquiring an additional 427 shares during the last quarter. IFG Advisory LLC boosted its position in Regions Financial by 0.9% in the first quarter. IFG Advisory LLC now owns 52,531 shares of the bank's stock worth $1,142,000 after purchasing an additional 470 shares during the last quarter. Signet Financial Management LLC grew its position in Regions Financial by 4.6% during the second quarter. Signet Financial Management LLC now owns 10,896 shares of the bank's stock valued at $256,000 after buying an additional 483 shares during the period. Finally, Master S Wealth Management Inc. boosted its stake in Regions Financial by 1.2% in the second quarter. Master S Wealth Management Inc. now owns 40,303 shares of the bank's stock valued at $948,000 after acquiring an additional 485 shares during the last quarter. Institutional investors own 79.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Evercore ISI increased their price target on Regions Financial from $28.00 to $29.00 and gave the stock an "in-line" rating in a research note on Tuesday, September 30th. Cantor Fitzgerald started coverage on Regions Financial in a research report on Wednesday, September 10th. They set an "overweight" rating and a $30.00 price target on the stock. Citigroup raised their price objective on shares of Regions Financial from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Stephens restated an "equal weight" rating and set a $27.00 price target (down from $30.00) on shares of Regions Financial in a research report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Regions Financial in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Regions Financial presently has an average rating of "Hold" and an average target price of $28.19.

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Read Our Latest Analysis on Regions Financial

Regions Financial Stock Performance

NYSE:RF opened at $24.87 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm's fifty day simple moving average is $25.17 and its 200 day simple moving average is $24.56. The stock has a market cap of $21.81 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96.

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Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. The business had revenue of $1.81 billion during the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. As a group, research analysts predict that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.3%. Regions Financial's dividend payout ratio (DPR) is currently 46.70%.

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.

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