Regions Financial Corporation $RF Stock Holdings Increased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its stake in shares of Regions Financial Corporation (NYSE:RF) by 33.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 74,938 shares of the bank’s stock after purchasing an additional 18,751 shares during the period. D.A. Davidson & CO.’s holdings in Regions Financial were worth $1,957,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in shares of Regions Financial during the 2nd quarter valued at $25,000. SouthState Bank Corp increased its position in Regions Financial by 94.1% in the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after buying an additional 538 shares during the period. Spire Wealth Management increased its position in Regions Financial by 91.5% during the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after acquiring an additional 557 shares during the period. Princeton Global Asset Management LLC raised its stake in Regions Financial by 260.4% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after purchasing an additional 854 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in Regions Financial in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Down 0.9%

Regions Financial stock opened at $30.82 on Wednesday. The firm has a market capitalization of $26.31 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.20 and a beta of 1.00. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $32.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $29.11 and its 200 day simple moving average is $28.30.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 17th. The bank reported $0.68 EPS for the quarter, beating the consensus estimate of $0.63 by $0.05. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. As a group, sell-side analysts anticipate that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid a $0.30 dividend. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial’s dividend payout ratio (DPR) is 43.27%.

Insider Buying and Selling at Regions Financial

In related news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was 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 available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 target price on shares of Regions Financial in a research report on Monday. DA Davidson upped their target price on shares of Regions Financial from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday. Cantor Fitzgerald increased their target price on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore reiterated an “underperform” rating and set a $31.00 price target on shares of Regions Financial in a research report on Monday, July 6th. Finally, Piper Sandler lowered their price objective on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 30th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Regions Financial presently has an average rating of “Hold” and an average target price of $32.21.

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.