Regions Financial Co. (NYSE:RF) Stock Position Lowered by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. trimmed its position in shares of Regions Financial Co. (NYSE:RF) by 2.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 30,525 shares of the bank’s stock after selling 690 shares during the period. Stanley Laman Group Ltd.’s holdings in Regions Financial were worth $592,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RF. Syon Capital LLC increased its stake in shares of Regions Financial by 20.6% during the 4th quarter. Syon Capital LLC now owns 25,497 shares of the bank’s stock worth $494,000 after purchasing an additional 4,362 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Regions Financial by 8.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,301 shares of the bank’s stock worth $471,000 after buying an additional 1,810 shares during the last quarter. Alaska Permanent Fund Corp raised its holdings in Regions Financial by 1.0% during the fourth quarter. Alaska Permanent Fund Corp now owns 127,456 shares of the bank’s stock valued at $2,470,000 after buying an additional 1,256 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Regions Financial in the fourth quarter worth about $166,000. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of Regions Financial by 3.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 71,458 shares of the bank’s stock worth $1,385,000 after buying an additional 2,571 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley cut their price objective on Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday. Keefe, Bruyette & Woods raised their target price on shares of Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Jefferies Financial Group raised shares of Regions Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $15.00 to $22.00 in a research report on Tuesday, January 9th. Royal Bank of Canada raised their price target on Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Finally, Piper Sandler boosted their price objective on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.34.

Insider Activity at Regions Financial

In related news, Director William C. Rhodes III acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was acquired at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the acquisition, the director now owns 50,000 shares of the company’s stock, valued at approximately $968,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is owned by company insiders.

Regions Financial Price Performance

RF stock traded up $0.01 during midday trading on Friday, reaching $19.62. 5,241,245 shares of the company’s stock traded hands, compared to its average volume of 8,790,399. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.45 and a beta of 1.21. The company has a 50-day simple moving average of $19.41 and a two-hundred day simple moving average of $18.07. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.08.

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

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.89%. Regions Financial’s payout ratio is currently 52.17%.

About Regions Financial

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.