Silver Lake Advisory LLC Purchases 3,366 Shares of Regions Financial Co. (NYSE:RF)

Silver Lake Advisory LLC increased its position in shares of Regions Financial Co. (NYSE:RF) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 219,202 shares of the bank’s stock after acquiring an additional 3,366 shares during the period. Silver Lake Advisory LLC’s holdings in Regions Financial were worth $4,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC raised its holdings in shares of Regions Financial by 0.8% in the 4th quarter. Corient Private Wealth LLC now owns 102,438 shares of the bank’s stock valued at $1,985,000 after acquiring an additional 821 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Regions Financial by 8.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 135,235 shares of the bank’s stock valued at $2,621,000 after purchasing an additional 10,269 shares during the last quarter. TD Asset Management Inc lifted its position in Regions Financial by 4.8% during the fourth quarter. TD Asset Management Inc now owns 680,448 shares of the bank’s stock valued at $13,187,000 after purchasing an additional 31,157 shares during the last quarter. Stifel Financial Corp grew its stake in Regions Financial by 12.3% in the 4th quarter. Stifel Financial Corp now owns 293,432 shares of the bank’s stock worth $5,687,000 after buying an additional 32,085 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Regions Financial by 4.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 439,645 shares of the bank’s stock worth $8,520,000 after buying an additional 17,157 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Royal Bank of Canada raised their price objective on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Evercore ISI cut their target price on 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. Finally, Truist Financial boosted their price objective on shares of Regions Financial from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.06.

Regions Financial Stock Up 0.6 %

RF stock opened at $23.03 on Friday. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $23.47. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17. The business’s 50 day moving average price is $22.18 and its two-hundred day moving average price is $20.53. 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 (NYSE:RF) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $0.59 earnings per share. As a group, analysts forecast that Regions Financial Co. will post 2.01 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be given a dividend of $0.25 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, September 3rd. Regions Financial’s dividend payout ratio (DPR) is 54.35%.

About Regions Financial

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.