Regions Financial Co. (NYSE:RF) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors raised its stake in shares of Regions Financial Co. (NYSE:RF) by 14.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 123,728 shares of the bank’s stock after buying an additional 15,156 shares during the period. Captrust Financial Advisors’ holdings in Regions Financial were worth $2,910,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in shares of Regions Financial by 30.9% in the third quarter. Franklin Resources Inc. now owns 702,627 shares of the bank’s stock valued at $16,758,000 after buying an additional 165,710 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Regions Financial by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank’s stock valued at $25,376,000 after acquiring an additional 34,125 shares during the last quarter. Czech National Bank boosted its holdings in shares of Regions Financial by 5.7% during the fourth quarter. Czech National Bank now owns 197,060 shares of the bank’s stock worth $4,635,000 after purchasing an additional 10,640 shares during the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of Regions Financial in the fourth quarter valued at $1,247,000. Finally, Capital Investment Advisors LLC increased its stake in Regions Financial by 2.9% in the fourth quarter. Capital Investment Advisors LLC now owns 27,081 shares of the bank’s stock valued at $637,000 after purchasing an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

RF opened at $21.16 on Monday. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The firm has a market cap of $19.02 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.93 and a beta of 0.97. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $20.62 and a 200 day simple moving average of $23.26.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company posted $0.37 EPS. Equities research analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial’s payout ratio is 48.08%.

Analyst Upgrades and Downgrades

RF has been the topic of a number of research analyst reports. Stephens decreased their price target on Regions Financial from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Morgan Stanley dropped their price target on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. Barclays decreased their price target on shares of Regions Financial from $26.00 to $24.00 and set an “underweight” rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods lowered their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, April 21st. Finally, Truist Financial cut their target price on Regions Financial from $24.00 to $21.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.53.

Insider Buying and Selling at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by corporate insiders.

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.