EP Wealth Advisors LLC Grows Holdings in Regions Financial Co. (NYSE:RF)

EP Wealth Advisors LLC lifted its position in shares of Regions Financial Co. (NYSE:RF) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,502 shares of the bank’s stock after acquiring an additional 3,492 shares during the quarter. EP Wealth Advisors LLC’s holdings in Regions Financial were worth $1,047,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Y.D. More Investments Ltd grew its holdings in Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC purchased a new position in shares of Regions Financial during the 4th quarter valued at approximately $28,000. Picton Mahoney Asset Management grew its stake in Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after acquiring an additional 1,201 shares during the period. Millstone Evans Group LLC purchased a new stake in Regions Financial in the 4th quarter worth $32,000. Finally, Creative Capital Management Investments LLC acquired a new position in Regions Financial during the fourth quarter worth $44,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RF shares. Citigroup dropped their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Stephens lowered their price objective on Regions Financial from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Morgan Stanley reduced their target price on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Truist Financial dropped their price target on Regions Financial from $24.00 to $21.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial has an average rating of “Moderate Buy” and a consensus price target of $25.53.

Regions Financial Stock Performance

Regions Financial stock opened at $21.16 on Friday. The firm has a 50 day simple moving average of $20.62 and a 200-day simple moving average of $23.26. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business posted $0.37 earnings per share. On average, analysts expect that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Monday, June 2nd. Regions Financial’s payout ratio is 48.08%.

Regions Financial Company Profile

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.