LSV Asset Management Buys 357,101 Shares of Regions Financial Corporation $RF

LSV Asset Management grew its stake in shares of Regions Financial Corporation (NYSE:RF) by 4.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,286,352 shares of the bank’s stock after purchasing an additional 357,101 shares during the quarter. LSV Asset Management’s holdings in Regions Financial were worth $251,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new stake in shares of Regions Financial in the second quarter worth about $25,000. United Community Bank bought a new stake in shares of Regions Financial in the third quarter worth about $30,000. Spire Wealth Management grew its stake in shares of Regions Financial by 91.5% in the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after purchasing an additional 557 shares during the last quarter. Princeton Global Asset Management LLC grew its stake in shares of Regions Financial by 260.4% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after purchasing an additional 854 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Regions Financial in the fourth quarter worth about $33,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Performance

Shares of RF opened at $27.87 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. Regions Financial Corporation has a one year low of $20.79 and a one year high of $31.53. The company has a 50-day simple moving average of $26.95 and a two-hundred day simple moving average of $27.26. The firm has a market capitalization of $23.78 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.08 and a beta of 1.02.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business posted $0.54 earnings per share. Regions Financial’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts anticipate that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Dividend Announcement

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 issued a $0.265 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.8%. Regions Financial’s dividend payout ratio (DPR) is 44.17%.

Insider Buying and Selling

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RF has been the topic of several recent analyst reports. Piper Sandler cut their target price on Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. JPMorgan Chase & Co. cut their target price on Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley cut their target price on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Royal Bank Of Canada raised their target price on Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $32.00 target price on shares of Regions Financial in a research note on Tuesday, March 3rd. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.47.

Regions Financial Company 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.