Regions Financial Co. (NYSE:RF) Position Increased by GeoWealth Management LLC

GeoWealth Management LLC lifted its holdings in Regions Financial Co. (NYSE:RF) by 84.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,622 shares of the bank’s stock after buying an additional 8,070 shares during the quarter. GeoWealth Management LLC’s holdings in Regions Financial were worth $414,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RF. Ballentine Partners LLC boosted its stake in Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock valued at $411,000 after acquiring an additional 420 shares during the period. Prossimo Advisors LLC boosted its position in Regions Financial by 2.3% during the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank’s stock valued at $453,000 after purchasing an additional 430 shares during the period. Greenleaf Trust boosted its position in Regions Financial by 1.8% during the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank’s stock valued at $573,000 after purchasing an additional 436 shares during the period. Lake Street Advisors Group LLC grew its stake in Regions Financial by 2.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank’s stock worth $456,000 after buying an additional 436 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in Regions Financial by 0.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank’s stock valued at $1,666,000 after buying an additional 529 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Price Performance

NYSE RF opened at $19.08 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The company has a market cap of $17.28 billion, a PE ratio of 9.84, a PEG ratio of 1.93 and a beta of 1.01. The stock’s 50-day moving average price is $21.49 and its two-hundred day moving average price is $23.54.

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

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.24%. Regions Financial’s dividend payout ratio is 48.08%.

Insider Buying and Selling

In related news, Director Joia M. Johnson bought 2,300 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders acquired 3,343 shares of company stock valued at $74,348. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. Barclays cut their price target on Regions Financial from $26.00 to $24.00 and set an “underweight” rating on the stock in a report on Monday. Keefe, Bruyette & Woods decreased their price objective on Regions Financial from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Monday. Citigroup reduced their price target on Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Finally, Stephens lowered their price target on Regions Financial from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.11.

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.