Atria Investments Inc Boosts Stock Holdings in Regions Financial Corporation $RF

Atria Investments Inc lifted its stake in shares of Regions Financial Corporation (NYSE:RF) by 413.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,754 shares of the bank’s stock after acquiring an additional 106,079 shares during the quarter. Atria Investments Inc’s holdings in Regions Financial were worth $3,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in shares of Regions Financial during the second quarter worth $25,000. United Community Bank purchased a new stake in shares of Regions Financial during the third quarter worth $30,000. Spire Wealth Management increased its position in shares of Regions Financial by 91.5% during the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after acquiring an additional 557 shares during the period. Princeton Global Asset Management LLC increased its position in shares of Regions Financial by 260.4% during the fourth 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 during the period. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of Regions Financial during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of RF stock opened at $26.65 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average price of $26.91 and a 200 day moving average price of $27.17. The company has a market cap of $22.75 billion, a P/E ratio of 11.11, a PEG ratio of 1.04 and a beta of 1.02. Regions Financial Corporation has a 12 month low of $20.79 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 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate 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 was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Sell-side analysts predict that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, June 1st. Regions Financial’s dividend payout ratio is currently 44.17%.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RF shares. Royal Bank Of Canada upped their price objective on Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Truist Financial reiterated a “hold” rating and set a $30.00 target price on shares of Regions Financial in a research note on Tuesday, April 21st. DA Davidson boosted their target price on shares of Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Piper Sandler lowered 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, JPMorgan Chase & Co. lowered their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.