Dimensional Fund Advisors LP Boosts Position in Regions Financial Co. (NYSE:RF)

Dimensional Fund Advisors LP raised its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,252,693 shares of the bank's stock after purchasing an additional 979,597 shares during the quarter. Dimensional Fund Advisors LP owned 1.56% of Regions Financial worth $285,562,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RF. IFG Advisory LLC grew its position in shares of Regions Financial by 1.8% during the 2nd quarter. IFG Advisory LLC now owns 30,928 shares of the bank's stock worth $620,000 after buying an additional 546 shares in the last quarter. HB Wealth Management LLC increased its position in Regions Financial by 0.6% during the 1st quarter. HB Wealth Management LLC now owns 96,720 shares of the bank's stock valued at $2,035,000 after purchasing an additional 551 shares during the period. CWM LLC raised its holdings in shares of Regions Financial by 1.4% in the 1st quarter. CWM LLC now owns 41,137 shares of the bank's stock valued at $866,000 after purchasing an additional 556 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Regions Financial by 2.8% in the 1st quarter. Perigon Wealth Management LLC now owns 20,594 shares of the bank's stock worth $433,000 after purchasing an additional 565 shares during the period. Finally, Signet Financial Management LLC boosted its stake in shares of Regions Financial by 4.9% during the first quarter. Signet Financial Management LLC now owns 12,438 shares of the bank's stock valued at $262,000 after purchasing an additional 584 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Shares of NYSE:RF traded up $0.19 during trading on Wednesday, reaching $22.72. The stock had a trading volume of 6,598,453 shares, compared to its average volume of 7,963,259. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $23.47. The stock has a market cap of $20.81 billion, a PE ratio of 12.24, a PEG ratio of 2.82 and a beta of 1.17. The business has a fifty day moving average price of $21.92 and a 200-day moving average price of $20.35.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The firm's revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. On average, equities analysts forecast that Regions Financial Co. will post 2 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a boost from Regions Financial's previous quarterly dividend of $0.24. Regions Financial's dividend payout ratio is currently 54.35%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial boosted their price target on Regions Financial from $21.00 to $23.00 and gave the stock a "hold" rating in a research report on Monday, July 22nd. StockNews.com raised Regions Financial from a "sell" rating to a "hold" rating in a research report on Thursday, September 12th. Wells Fargo & Company increased their price objective on Regions Financial from $18.00 to $22.00 and gave the company an "equal weight" rating in a report on Monday, July 22nd. Royal Bank of Canada upped their target price on Regions Financial from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, July 22nd. Finally, Evercore ISI lowered their price objective on shares of Regions Financial from $22.00 to $21.00 and set an "in-line" rating for the company in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of "Hold" and a consensus target price of $21.51.

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.