Regions Financial Co. (NYSE:RF) Shares Acquired by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC increased its position in shares of Regions Financial Co. (NYSE:RF) by 86.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,399 shares of the bank’s stock after acquiring an additional 649 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Regions Financial were worth $27,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rafferty Asset Management LLC increased its stake in shares of Regions Financial by 93.1% during the 4th quarter. Rafferty Asset Management LLC now owns 1,707,249 shares of the bank’s stock valued at $33,086,000 after acquiring an additional 823,322 shares during the last quarter. NEOS Investment Management LLC acquired a new position in Regions Financial during the fourth quarter worth approximately $255,000. Jones Financial Companies Lllp raised its stake in Regions Financial by 113.4% during the fourth quarter. Jones Financial Companies Lllp now owns 20,388 shares of the bank’s stock worth $395,000 after purchasing an additional 10,835 shares during the period. KBC Group NV boosted its holdings in shares of Regions Financial by 23.8% in the 4th quarter. KBC Group NV now owns 2,481,550 shares of the bank’s stock valued at $48,093,000 after purchasing an additional 476,532 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of Regions Financial by 109.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 54,494 shares of the bank’s stock valued at $1,056,000 after buying an additional 28,460 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Up 0.2 %

RF stock traded up $0.04 during midday trading on Monday, hitting $19.66. 4,540,190 shares of the company’s stock were exchanged, compared to its average volume of 8,738,567. The firm has a 50 day moving average price of $19.46 and a 200-day moving average price of $18.14. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $21.08. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the firm posted $0.62 EPS. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. On average, analysts anticipate that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.24 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.88%. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

Insider Transactions at Regions Financial

In other news, Director William C. Rhodes III bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the transaction, the director now owns 50,000 shares in the company, valued at $968,500. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RF shares. Argus cut Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Keefe, Bruyette & Woods raised their price target on shares of Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Morgan Stanley decreased their price objective on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Truist Financial cut their target price on shares of Regions Financial from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Finally, Royal Bank of Canada upped their price target on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.34.

Regions Financial 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.