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

Cwm LLC lifted its holdings in Regions Financial Co. (NYSE:RF) by 43.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC grew its position in Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after buying an additional 750 shares during the period. HM Payson & Co. grew its position in shares of Regions Financial by 2,000.0% during the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,000 shares during the period. West Paces Advisors Inc. increased its stake in shares of Regions Financial by 277.2% in 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 boosted its position in Regions Financial by 69.4% during the third quarter. Baker Avenue Asset Management LP now owns 2,441 shares of the bank’s stock worth $42,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Regions Financial by 113.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,492 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,322 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

NYSE RF opened at $19.66 on Tuesday. The company has a market cap of $18.06 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.43 and a beta of 1.21. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.08. 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 stock has a 50-day moving average of $19.46 and a two-hundred day moving average of $18.14.

Regions Financial (NYSE:RF) last released its earnings results 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 for the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. As a group, analysts anticipate that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Dividend Announcement

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

Insiders Place Their Bets

In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average price of $19.37 per share, with a total value of $968,500.00. Following the completion of the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $968,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $20.00 to $23.00 in a research report on Monday, March 18th. Jefferies Financial Group upgraded Regions Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $15.00 to $22.00 in a report on Tuesday, January 9th. Piper Sandler increased their target price on Regions Financial from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday. Finally, Barclays reaffirmed an “underweight” rating and issued a $22.00 price target (up from $20.00) on shares of Regions Financial in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.34.

Regions Financial 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.