Regions Financial Corporation $RF Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC increased its holdings in Regions Financial Corporation (NYSE:RF) by 75.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,427 shares of the bank’s stock after purchasing an additional 22,112 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Regions Financial were worth $1,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC bought a new stake in shares of Regions Financial in the 2nd quarter worth approximately $25,000. United Community Bank bought a new stake in shares of Regions Financial in the 3rd quarter worth approximately $30,000. Spire Wealth Management raised its holdings in shares of Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after purchasing an additional 557 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in shares of Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after purchasing an additional 854 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Regions Financial in the 4th quarter worth approximately $33,000. 79.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on RF. Royal Bank Of Canada boosted their target price on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Morgan Stanley dropped their target price on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. UBS Group reiterated a “neutral” rating and issued a $30.00 target price on shares of Regions Financial in a report on Wednesday, February 4th. DA Davidson boosted their target price on shares of Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Piper Sandler dropped their target price on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial presently has an average rating of “Hold” and an average price target of $30.47.

Regions Financial Stock Down 0.8%

RF stock opened at $27.85 on Friday. Regions Financial Corporation has a 52-week low of $20.79 and a 52-week high of $31.53. The company’s 50 day simple moving average is $27.17 and its 200-day simple moving average is $27.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $23.77 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.10 and a beta of 1.02.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a dividend of $0.265 per share. The ex-dividend date is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.8%. Regions Financial’s payout ratio is currently 44.17%.

Regions Financial Company 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.