Federated Hermes Inc. Purchases 1,659 Shares of Regions Financial Co. (NYSE:RF)

Federated Hermes Inc. increased its position in Regions Financial Co. (NYSE:RF) by 23.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,681 shares of the bank’s stock after buying an additional 1,659 shares during the quarter. Federated Hermes Inc.’s holdings in Regions Financial were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RF. Advisor Resource Council acquired a new stake in shares of Regions Financial in the fourth quarter valued at about $1,944,000. Vestmark Advisory Solutions Inc. increased its position in Regions Financial by 126.3% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 26,436 shares of the bank’s stock valued at $455,000 after purchasing an additional 14,756 shares during the period. LPL Financial LLC increased its position in Regions Financial by 19.6% during the 3rd quarter. LPL Financial LLC now owns 582,491 shares of the bank’s stock valued at $10,019,000 after purchasing an additional 95,271 shares during the period. Vaughan David Investments LLC IL raised its holdings in Regions Financial by 48.9% during the 4th quarter. Vaughan David Investments LLC IL now owns 2,470,891 shares of the bank’s stock worth $47,886,000 after purchasing an additional 811,174 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Regions Financial in the 4th quarter worth approximately $1,089,000. Institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Keefe, Bruyette & Woods boosted their price objective on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Argus cut Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Piper Sandler lifted their target price on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Regions Financial currently has an average rating of “Hold” and a consensus target price of $20.34.

Insider Transactions at Regions Financial

In other news, Director William C. Rhodes III purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average cost 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 of the company’s stock, valued at $968,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.33% of the company’s stock.

Regions Financial Trading Up 0.8 %

RF opened at $19.80 on Monday. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The firm has a market capitalization of $18.19 billion, a PE ratio of 10.76, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The company’s 50-day moving average is $19.55 and its 200 day moving average is $18.23.

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

Regions Financial Announces Dividend

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 issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Monday, June 3rd. Regions Financial’s dividend payout ratio is 52.17%.

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.