Kestra Private Wealth Services LLC Has $2.62 Million Stake in Regions Financial Co. (NYSE:RF)

Kestra Private Wealth Services LLC lifted its stake in Regions Financial Co. (NYSE:RF) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,407 shares of the bank’s stock after buying an additional 1,784 shares during the period. Kestra Private Wealth Services LLC’s holdings in Regions Financial were worth $2,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its stake in Regions Financial by 3.0% in the third quarter. Asset Management One Co. Ltd. now owns 384,153 shares of the bank’s stock valued at $6,607,000 after purchasing an additional 11,093 shares in the last quarter. Simplicity Solutions LLC increased its stake in Regions Financial by 3.1% in the third quarter. Simplicity Solutions LLC now owns 28,421 shares of the bank’s stock valued at $489,000 after acquiring an additional 847 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Regions Financial by 8.1% in the third quarter. Commonwealth Equity Services LLC now owns 201,822 shares of the bank’s stock valued at $3,471,000 after acquiring an additional 15,167 shares during the last quarter. Tectonic Advisors LLC acquired a new position in Regions Financial during the third quarter valued at approximately $243,000. Finally, Raymond James & Associates boosted its holdings in shares of Regions Financial by 12.9% in the 3rd quarter. Raymond James & Associates now owns 1,110,650 shares of the bank’s stock valued at $19,103,000 after purchasing an additional 127,311 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Regions Financial stock opened at $19.57 on Thursday. The stock’s 50 day moving average price is $19.50 and its two-hundred day moving average price is $18.17. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 1.41 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. Regions Financial Co. has a 52-week low of $13.72 and a 52-week high of $21.08.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.62 earnings per share. On average, equities analysts predict that Regions Financial Co. will post 1.95 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 4.91%. Regions Financial’s dividend payout ratio is 52.17%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Argus downgraded Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Evercore ISI raised their target price on shares of Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Stephens reaffirmed an “equal weight” rating and set a $21.00 target price on shares of Regions Financial in a research note on Tuesday, January 23rd. Piper Sandler increased their price target on Regions Financial from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada boosted their price objective on Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.34.

Insider Transactions at Regions Financial

In other Regions Financial news, Director William C. Rhodes III purchased 50,000 shares of Regions Financial stock in a transaction that occurred on Tuesday, April 23rd. The stock was acquired at an average price of $19.37 per share, with a total value of $968,500.00. Following the transaction, the director now owns 50,000 shares in the company, valued at approximately $968,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.

Regions Financial Company 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.