Register Financial Advisors LLC Takes Position in Regions Financial Co. (NYSE:RF)

Register Financial Advisors LLC acquired a new stake in Regions Financial Co. (NYSE:RF) in the first quarter, Holdings Channel.com reports. The fund acquired 2,200 shares of the bank’s stock, valued at approximately $46,000.

A number of other institutional investors have also modified their holdings of RF. Whittier Trust Co. grew its stake in Regions Financial by 16.5% during the 4th quarter. Whittier Trust Co. now owns 3,881 shares of the bank’s stock worth $75,000 after purchasing an additional 549 shares in the last quarter. CWM LLC grew its stake in Regions Financial by 1.4% during the 1st quarter. CWM LLC now owns 41,137 shares of the bank’s stock worth $866,000 after purchasing an additional 556 shares in the last quarter. Signet Financial Management LLC grew its stake in Regions Financial by 4.9% during the 1st quarter. Signet Financial Management LLC now owns 12,438 shares of the bank’s stock worth $262,000 after purchasing an additional 584 shares in the last quarter. Pinnacle Financial Partners Inc grew its stake in Regions Financial by 0.4% during the 4th quarter. Pinnacle Financial Partners Inc now owns 144,317 shares of the bank’s stock worth $2,797,000 after purchasing an additional 606 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its stake in Regions Financial by 86.5% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after purchasing an additional 649 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RF. Citigroup raised Regions Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $23.00 in a research note on Monday, March 18th. Morgan Stanley decreased their price target on Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Piper Sandler lifted their price target on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Truist Financial decreased their price target on Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Finally, StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.28.

Regions Financial Stock Up 4.4 %

Regions Financial stock opened at $20.04 on Friday. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $18.35 billion, a P/E ratio of 10.89, a PEG ratio of 2.10 and a beta of 1.19. The stock has a 50-day simple moving average of $19.29 and a 200-day simple moving average of $19.15.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The business’s revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. Equities research analysts expect that Regions Financial Co. will post 1.96 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Monday, June 3rd. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

Insider Activity at Regions Financial

In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the transaction, the director now owns 50,000 shares of the company’s stock, valued at approximately $968,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP William D. Ritter sold 23,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the sale, the executive vice president now owns 41,671 shares in the company, valued at approximately $831,336.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William C. Rhodes III purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the acquisition, the director now owns 50,000 shares in the company, valued at $968,500. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by insiders.

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.