SVB Wealth LLC Invests $257,000 in Regions Financial Co. (NYSE:RF)

SVB Wealth LLC acquired a new position in shares of Regions Financial Co. (NYSE:RF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,285 shares of the bank’s stock, valued at approximately $257,000.

Several other hedge funds have also made changes to their positions in RF. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Regions Financial during the third quarter worth $26,000. Sound Income Strategies LLC raised its position in shares of Regions Financial by 103.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after buying an additional 750 shares during the period. HM Payson & Co. raised its position in shares of Regions Financial by 2,000.0% in the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock worth $36,000 after buying an additional 2,000 shares during the period. West Paces Advisors Inc. raised its position in shares of Regions Financial by 277.2% in the 3rd quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock worth $41,000 after buying an additional 1,752 shares during the period. Finally, Baker Avenue Asset Management LP raised its position in shares of Regions Financial by 69.4% in the 3rd quarter. Baker Avenue Asset Management LP now owns 2,441 shares of the bank’s stock worth $42,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Up 1.5 %

NYSE:RF opened at $19.19 on Tuesday. The company has a market capitalization of $17.63 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 1.37 and a beta of 1.21. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08. The stock has a 50-day simple moving average of $19.33 and a 200 day simple moving average of $18.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. Sell-side analysts predict that Regions Financial Co. will post 1.97 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.24 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 5.00%. Regions Financial’s dividend payout ratio (DPR) is 52.17%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RF. Keefe, Bruyette & Woods increased their target price on Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Royal Bank of Canada increased their target price on Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Truist Financial cut their target price on Regions Financial from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday. Barclays reaffirmed an “underweight” rating and issued a $22.00 target price (up from $20.00) on shares of Regions Financial in a research report on Tuesday, January 2nd. Finally, 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 report on Monday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.17.

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.