Laurel Wealth Advisors LLC Has $238,000 Stock Holdings in Regions Financial Corporation $RF

Laurel Wealth Advisors LLC increased its position in shares of Regions Financial Corporation (NYSE:RF) by 2,252.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,114 shares of the bank’s stock after buying an additional 9,684 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Regions Financial were worth $238,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. American National Bank & Trust increased its holdings in shares of Regions Financial by 2,433.3% during the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,022 shares in the last quarter. CVA Family Office LLC grew its position in Regions Financial by 163.2% in the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after purchasing an additional 656 shares during the period. Bayforest Capital Ltd increased its stake in Regions Financial by 637.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,058 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Regions Financial during the second quarter worth $30,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Regions Financial during the second quarter worth $32,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

RF has been the subject of a number of analyst reports. Cantor Fitzgerald began coverage on shares of Regions Financial in a report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 price objective for the company. Evercore ISI boosted their price objective on Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Citigroup increased their price objective on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Cowen restated a “buy” rating on shares of Regions Financial in a report on Tuesday, October 21st. Finally, Truist Financial decreased their price target on Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a report on Monday, October 20th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.19.

Regions Financial Price Performance

Regions Financial stock opened at $25.46 on Friday. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $27.60. The company’s 50 day moving average price is $25.00 and its two-hundred day moving average price is $24.67. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market cap of $22.33 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.24 and a beta of 1.07.

Regions Financial (NYSE:RF) last released its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion during the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%. On average, equities analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 annualized dividend and a dividend yield of 4.2%. Regions Financial’s dividend payout ratio (DPR) is currently 46.70%.

Regions Financial Company Profile

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.