Regions Financial Corporation $RF Shares Sold by BCS Wealth Management

BCS Wealth Management lowered its position in shares of Regions Financial Corporation (NYSE:RF) by 50.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 18,455 shares of the bank’s stock after selling 18,491 shares during the quarter. BCS Wealth Management’s holdings in Regions Financial were worth $482,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new stake in Regions Financial during the 2nd quarter worth $25,000. SouthState Bank Corp increased its holdings in Regions Financial by 94.1% in the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after purchasing an additional 538 shares in the last quarter. Spire Wealth Management raised its position in Regions Financial by 91.5% in the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after purchasing an additional 557 shares during the period. Princeton Global Asset Management LLC raised its position in Regions Financial by 260.4% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after purchasing an additional 854 shares during the period. Finally, Leonteq Securities AG acquired a new position in shares of Regions Financial during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada raised their target price on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, April 20th. JPMorgan Chase & Co. lowered their price objective on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Truist Financial reiterated a “hold” rating and set a $30.00 price objective on shares of Regions Financial in a research note on Tuesday, April 21st. Morgan Stanley reduced 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 research report on Tuesday, March 31st. Finally, Piper Sandler decreased 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. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.73.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Regions Financial Stock Up 0.6%

Shares of NYSE:RF opened at $29.47 on Thursday. The firm has a market cap of $25.15 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. The company has a fifty day simple moving average of $28.07 and a 200 day simple moving average of $27.85. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial Corporation has a 12-month low of $22.69 and a 12-month high of $31.53.

Regions Financial (NYSE:RF) last issued 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. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. On average, equities research analysts anticipate that Regions Financial Corporation will post 2.6 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.265 per share. The ex-dividend date is Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.6%. Regions Financial’s payout ratio is presently 44.17%.

About Regions Financial

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.