Regions Financial Corporation $RF Stake Lifted by Oak Thistle LLC

Oak Thistle LLC increased its stake in Regions Financial Corporation (NYSE:RF) by 49.9% in the 4th quarter, HoldingsChannel reports. The fund owned 108,662 shares of the bank’s stock after acquiring an additional 36,175 shares during the period. Oak Thistle LLC’s holdings in Regions Financial were worth $2,945,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Centaurus Financial Inc. lifted its stake in Regions Financial by 3.9% during the second quarter. Centaurus Financial Inc. now owns 10,230 shares of the bank’s stock valued at $241,000 after purchasing an additional 382 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Regions Financial by 0.6% during the fourth quarter. Park Avenue Securities LLC now owns 79,012 shares of the bank’s stock valued at $2,141,000 after purchasing an additional 443 shares during the last quarter. Fairvoy Private Wealth LLC lifted its stake in Regions Financial by 1.9% during the third quarter. Fairvoy Private Wealth LLC now owns 23,670 shares of the bank’s stock valued at $624,000 after purchasing an additional 449 shares during the last quarter. Southeast Asset Advisors LLC lifted its stake in Regions Financial by 0.5% during the third quarter. Southeast Asset Advisors LLC now owns 103,704 shares of the bank’s stock valued at $2,735,000 after purchasing an additional 474 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in Regions Financial by 11.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,896 shares of the bank’s stock valued at $129,000 after purchasing an additional 485 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP William D. Ritter sold 36,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $28.78, for a total value of $1,036,080.00. Following the completion of the sale, the executive vice president owned 17,569 shares in the company, valued at $505,635.82. This represents a 67.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

Regions Financial Stock Down 0.5%

Shares of NYSE:RF opened at $26.60 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $22.97 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.03. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $31.53. The firm has a 50 day simple moving average of $27.74 and a 200 day simple moving average of $26.72.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 16th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a net margin of 22.44% and a return on equity of 12.55%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. As a group, research analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial announced that its board has initiated a share repurchase program on Wednesday, December 10th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the bank to buy up to 12.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were given a $0.265 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.06 dividend on an annualized basis and a yield of 4.0%. Regions Financial’s dividend payout ratio is presently 46.29%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. UBS Group reissued a “neutral” rating and set a $30.00 target price on shares of Regions Financial in a research note on Wednesday, February 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a research note on Tuesday, March 3rd. Piper Sandler cut their target price on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $32.00 target price on shares of Regions Financial in a research note on Tuesday, January 6th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.75.

Regions Financial Profile

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.