Huber Capital Management LLC Boosts Position in Regions Financial Co. (NYSE:RF)

Huber Capital Management LLC increased its holdings in Regions Financial Co. (NYSE:RF) by 21.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 281,845 shares of the bank’s stock after acquiring an additional 50,600 shares during the period. Regions Financial comprises about 1.3% of Huber Capital Management LLC’s portfolio, making the stock its 28th largest holding. Huber Capital Management LLC’s holdings in Regions Financial were worth $6,629,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Y.D. More Investments Ltd lifted its position in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC purchased a new stake in Regions Financial in the fourth quarter worth about $28,000. Picton Mahoney Asset Management boosted its position in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after acquiring an additional 1,201 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Regions Financial during the 4th quarter worth approximately $32,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Regions Financial in the 3rd quarter worth approximately $37,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 2.1 %

Shares of RF stock opened at $22.03 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The stock has a market capitalization of $19.95 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.93 and a beta of 1.19. The firm’s 50 day moving average is $23.09 and its 200 day moving average is $23.93.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. Research analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders acquired 3,868 shares of company stock worth $86,722. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RF shares. Citigroup reduced their price target on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Compass Point increased their price target on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Truist Financial decreased their target price on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, Barclays boosted their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.17.

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.