TABR Capital Management LLC Takes $6.28 Million Position in Regions Financial Corporation $RF

TABR Capital Management LLC purchased a new stake in shares of Regions Financial Corporation (NYSE:RF) during the 4th quarter, Holdings Channel reports. The fund purchased 231,777 shares of the bank’s stock, valued at approximately $6,281,000. Regions Financial makes up 1.6% of TABR Capital Management LLC’s holdings, making the stock its 15th biggest position.

Other institutional investors also recently bought and sold shares of the company. West Paces Advisors Inc. increased its position in Regions Financial by 4.0% during the fourth quarter. West Paces Advisors Inc. now owns 10,505 shares of the bank’s stock valued at $285,000 after acquiring an additional 405 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Regions Financial by 0.6% in the 4th quarter. Park Avenue Securities LLC now owns 79,012 shares of the bank’s stock worth $2,141,000 after acquiring an additional 443 shares during the last quarter. Southeast Asset Advisors LLC boosted its stake in shares of Regions Financial by 0.5% during the 3rd quarter. Southeast Asset Advisors LLC now owns 103,704 shares of the bank’s stock worth $2,735,000 after purchasing an additional 474 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of Regions Financial by 11.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,896 shares of the bank’s stock worth $129,000 after purchasing an additional 485 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its holdings in Regions Financial by 0.7% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 75,163 shares of the bank’s stock valued at $1,982,000 after purchasing an additional 486 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Regions Financial

In other news, EVP William D. Ritter sold 36,000 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $28.78, for a total transaction of $1,036,080.00. Following the transaction, the executive vice president owned 17,569 shares of the company’s stock, valued at approximately $505,635.82. This represents a 67.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RF shares. Truist Financial reissued a “hold” rating and issued a $30.00 price objective on shares of Regions Financial in a research note on Tuesday. Barclays upped their target price on Regions Financial from $27.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Regions Financial in a report on Monday, December 29th. UBS Group restated a “neutral” rating and set a $30.00 price objective on shares of Regions Financial in a report on Wednesday, February 4th. Finally, DA Davidson upped their price objective on Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Monday. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.12.

Regions Financial Price Performance

Shares of RF stock opened at $28.36 on Wednesday. The company has a market capitalization of $24.48 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.20 and a beta of 1.03. The company’s 50-day simple moving average is $27.38 and its two-hundred day simple moving average is $26.82. Regions Financial Corporation has a one year low of $19.31 and a one year high of $31.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, equities analysts anticipate that Regions Financial Corporation will post 2.59 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.7%. Regions Financial’s payout ratio is 44.17%.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.