Regions Financial Corporation $RF Stock Holdings Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in shares of Regions Financial Corporation (NYSE:RF) by 14.8% in the 1st quarter, Holdings Channel reports. The firm owned 775,230 shares of the bank’s stock after buying an additional 99,934 shares during the period. Sanctuary Advisors LLC’s holdings in Regions Financial were worth $20,249,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RF. Root Financial Partners LLC grew its position in Regions Financial by 3.9% in the fourth quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock worth $248,000 after buying an additional 346 shares during the last quarter. Master S Wealth Management Inc. lifted its position in shares of Regions Financial by 1.0% during the 1st quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock valued at $1,009,000 after acquiring an additional 372 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Regions Financial by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock worth $911,000 after acquiring an additional 373 shares in the last quarter. Lcnb Corp boosted its stake in shares of Regions Financial by 3.8% during the 4th quarter. Lcnb Corp now owns 10,725 shares of the bank’s stock worth $291,000 after acquiring an additional 390 shares in the last quarter. Finally, West Paces Advisors Inc. grew its holdings in shares of Regions Financial by 4.0% in the 4th quarter. West Paces Advisors Inc. now owns 10,505 shares of the bank’s stock worth $285,000 after acquiring an additional 405 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Price Performance

RF opened at $31.50 on Thursday. The firm has a market capitalization of $26.88 billion, a P/E ratio of 13.12, a PEG ratio of 1.20 and a beta of 1.00. The stock has a fifty day moving average of $28.78 and a 200-day moving average of $28.18. 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 $22.70 and a 12-month high of $31.55.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.Regions Financial’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities analysts forecast that Regions Financial Corporation will post 2.6 EPS for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 1st. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s dividend payout ratio is 44.17%.

Analyst Ratings Changes

RF has been the topic of a number of recent analyst reports. Cantor Fitzgerald boosted their target price on Regions Financial from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group increased their price target on Regions Financial from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price target on Regions Financial from $29.00 to $31.50 and gave the stock a “neutral” rating in a research note on Monday, July 6th. DA Davidson downgraded Regions Financial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $35.00 to $33.00 in a report on Monday, July 6th. Finally, Piper Sandler reduced their price objective on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and a consensus target price of $31.28.

Insiders Place Their Bets

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

About Regions Financial

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.