Regions Financial Co. (NYSE:RF) Shares Acquired by Cwm LLC

Cwm LLC raised its position in Regions Financial Co. (NYSE:RF) by 43.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,581 shares of the bank’s stock after acquiring an additional 12,364 shares during the quarter. Cwm LLC’s holdings in Regions Financial were worth $786,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC grew its holdings in Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after purchasing an additional 750 shares in the last quarter. HM Payson & Co. boosted its position in Regions Financial by 2,000.0% in the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock valued at $36,000 after buying an additional 2,000 shares during the last quarter. West Paces Advisors Inc. grew its stake in Regions Financial by 277.2% during the 3rd quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,752 shares in the last quarter. 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 valued at $42,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Regions Financial by 113.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,492 shares of the bank’s stock valued at $45,000 after buying an additional 1,322 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RF shares. Truist Financial decreased their price objective on shares of Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Piper Sandler boosted their price target on Regions Financial from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday. Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $23.00 in a research note on Monday, March 18th. StockNews.com downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Finally, Argus lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.34.

Regions Financial Stock Performance

RF opened at $19.66 on Tuesday. The business has a fifty day simple moving average of $19.46 and a 200-day simple moving average of $18.14. The firm has a market cap of $18.06 billion, a PE ratio of 10.68, a P/E/G ratio of 1.43 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the business posted $0.62 EPS. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities analysts predict that Regions Financial Co. will post 1.95 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s payout ratio is 52.17%.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was acquired at an average price of $19.37 per share, with a total value of $968,500.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $968,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.33% of the company’s stock.

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.