Nykredit A S Invests $236.76 Million in Regions Financial Corporation $RF

Nykredit A S acquired a new position in shares of Regions Financial Corporation (NYSE:RF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,839,597 shares of the bank’s stock, valued at approximately $236,756,000. Regions Financial accounts for about 0.8% of Nykredit A S’s investment portfolio, making the stock its 25th largest holding. Nykredit A S owned approximately 0.92% of Regions Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Root Financial Partners LLC grew its position in shares of Regions Financial by 3.9% during the 4th quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock worth $248,000 after buying an additional 346 shares during the period. WPG Advisers LLC raised its holdings in Regions Financial by 83.5% in the second quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after purchasing an additional 370 shares during the period. Master S Wealth Management Inc. raised its holdings in Regions Financial by 1.0% in the first quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock worth $1,009,000 after purchasing an additional 372 shares during the period. Van ECK Associates Corp boosted its position in shares of Regions Financial by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock worth $911,000 after purchasing an additional 373 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its position in shares of Regions Financial by 17.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock worth $68,000 after purchasing an additional 381 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on RF. DA Davidson upped their price objective on shares of Regions Financial from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. UBS Group boosted their price objective on Regions Financial from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Stephens initiated coverage on Regions Financial in a research note on Monday, June 15th. They set an “equal weight” rating and a $31.00 target price for the company. Keefe, Bruyette & Woods raised their price objective on shares of Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, July 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Regions Financial has an average rating of “Hold” and an average target price of $32.24.

Regions Financial Trading Up 2.3%

Regions Financial stock opened at $29.95 on Thursday. Regions Financial Corporation has a 52 week low of $22.70 and a 52 week high of $32.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $25.52 billion, a P/E ratio of 12.23, a PEG ratio of 1.20 and a beta of 0.99. The stock has a 50-day simple moving average of $30.88 and a 200 day simple moving average of $28.78.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Analysts expect that Regions Financial Corporation will post 2.63 earnings per share for the current year.

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s payout ratio is presently 48.98%.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.