Csenge Advisory Group Boosts Stock Holdings in Regions Financial Corporation $RF

Csenge Advisory Group grew its holdings in Regions Financial Corporation (NYSE:RF) by 28.2% during the 4th quarter, Holdings Channel reports. The firm owned 98,168 shares of the bank’s stock after buying an additional 21,585 shares during the period. Csenge Advisory Group’s holdings in Regions Financial were worth $2,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of RF. Darwin Wealth Management LLC purchased a new position in shares of Regions Financial in the 2nd quarter valued at $25,000. United Community Bank acquired a new position in Regions Financial during the 3rd quarter worth $30,000. Spire Wealth Management grew its holdings in Regions Financial by 91.5% during the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after acquiring an additional 557 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in Regions Financial by 260.4% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after acquiring an additional 854 shares in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Regions Financial in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Activity

In related news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Regions Financial Stock Down 0.4%

RF stock opened at $26.86 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. Regions Financial Corporation has a fifty-two week low of $20.79 and a fifty-two week high of $31.53. The stock has a market capitalization of $22.92 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.05 and a beta of 1.02. The business has a 50-day moving average of $26.89 and a 200-day moving average of $27.21.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. Regions Financial’s quarterly revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts anticipate that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.265 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.9%. Regions Financial’s payout ratio is presently 44.17%.

Analyst Ratings Changes

Several brokerages recently weighed in on RF. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $31.00 price objective on shares of Regions Financial in a research report on Tuesday, January 20th. Morgan Stanley dropped their target price on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Brean Capital initiated coverage on shares of Regions Financial in a report on Thursday, March 12th. They issued a “neutral” rating on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $32.00 target price on shares of Regions Financial in a research report on Tuesday, March 3rd. Finally, DA Davidson boosted their price objective on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.06.

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.