Corient Private Wealth LLC Grows Stock Holdings in Regions Financial Corporation $RF

Corient Private Wealth LLC raised its holdings in Regions Financial Corporation (NYSE:RF) by 34.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 120,539 shares of the bank’s stock after acquiring an additional 31,148 shares during the period. Corient Private Wealth LLC’s holdings in Regions Financial were worth $3,268,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in Regions Financial by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock valued at $862,792,000 after purchasing an additional 215,061 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Regions Financial by 68.9% in the 4th quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock worth $618,860,000 after buying an additional 9,312,449 shares during the last quarter. Invesco Ltd. boosted its stake in Regions Financial by 3.1% in the 4th quarter. Invesco Ltd. now owns 19,348,237 shares of the bank’s stock worth $524,337,000 after buying an additional 573,659 shares during the last quarter. Morgan Stanley grew its holdings in Regions Financial by 1.3% in the 4th quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock valued at $497,459,000 after buying an additional 231,924 shares during the period. Finally, Norges Bank purchased a new stake in Regions Financial in the 4th quarter valued at about $254,564,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Insider Transactions at Regions Financial

In other Regions Financial 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Regions Financial Stock Performance

Regions Financial stock opened at $30.09 on Friday. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. Regions Financial Corporation has a 12 month low of $22.70 and a 12 month 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. The stock’s 50-day moving average is $28.16 and its 200-day moving average is $27.89.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. Equities analysts anticipate that Regions Financial Corporation will post 2.6 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared 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. This represents a $1.06 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s payout ratio is 44.17%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley cut their price objective 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. Piper Sandler lowered their target price on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 30th. DA Davidson upped their price target on shares of Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Truist Financial reaffirmed a “hold” rating and set a $30.00 price target on shares of Regions Financial in a research note on Tuesday, April 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $32.00 price target on shares of Regions Financial in a report on Tuesday, March 3rd. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.73.

About Regions Financial

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.