19,239 Shares in Regions Financial Corporation $RF Purchased by Sivia Capital Partners LLC

Sivia Capital Partners LLC bought a new position in shares of Regions Financial Corporation (NYSE:RF) in the fourth quarter, Holdings Channel reports. The institutional investor bought 19,239 shares of the bank’s stock, valued at approximately $521,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc increased its position in Regions Financial by 52.8% in the 4th quarter. CIBC Asset Management Inc now owns 226,139 shares of the bank’s stock valued at $6,128,000 after acquiring an additional 78,182 shares in the last quarter. Marble Wealth LLC acquired a new stake in Regions Financial in the 4th quarter valued at about $1,024,000. Bank of New York Mellon Corp increased its position in Regions Financial by 12.9% in the 4th quarter. Bank of New York Mellon Corp now owns 6,460,310 shares of the bank’s stock valued at $175,074,000 after acquiring an additional 736,296 shares in the last quarter. Bruce G. Allen Investments LLC increased its position in Regions Financial by 20.9% in the 4th quarter. Bruce G. Allen Investments LLC now owns 4,245 shares of the bank’s stock valued at $115,000 after acquiring an additional 733 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in Regions Financial by 14.2% in the 4th quarter. Natixis Advisors LLC now owns 477,680 shares of the bank’s stock valued at $12,945,000 after acquiring an additional 59,236 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by company insiders.

Regions Financial Price Performance

NYSE RF opened at $28.57 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial Corporation has a 12-month low of $21.40 and a 12-month high of $31.53. The company has a market capitalization of $24.38 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. The firm’s 50 day moving average is $27.48 and its 200-day moving average is $27.49.

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

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.7%. Regions Financial’s dividend payout ratio (DPR) is 44.17%.

Wall Street Analyst Weigh In

Several research firms have weighed in on RF. Royal Bank Of Canada raised their price objective on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Morgan Stanley lowered their price objective on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Truist Financial restated a “hold” rating and issued a $30.00 price objective on shares of Regions Financial in a research report on Tuesday, April 21st. Brean Capital assumed coverage on shares of Regions Financial in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $32.00 price objective on shares of Regions Financial in a research note on Tuesday, March 3rd. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.47.

Regions Financial 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.