Lake Street Advisors Group LLC Has $396,000 Stock Holdings in Regions Financial Co. (NYSE:RF)

Lake Street Advisors Group LLC boosted its stake in shares of Regions Financial Co. (NYSE:RF) by 8.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,604 shares of the bank’s stock after buying an additional 1,513 shares during the period. Lake Street Advisors Group LLC’s holdings in Regions Financial were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Laurel Wealth Advisors LLC raised its holdings in shares of Regions Financial by 86.5% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after acquiring an additional 649 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at about $28,000. Glassman Wealth Services lifted its holdings in shares of Regions Financial by 163.3% in the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after purchasing an additional 967 shares in the last quarter. MV Capital Management Inc. boosted its position in shares of Regions Financial by 75.6% during the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after buying an additional 618 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of Regions Financial by 113.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,492 shares of the bank’s stock worth $45,000 after buying an additional 1,322 shares during the period. Institutional investors own 79.39% of the company’s stock.

Insider Activity

In other news, EVP William D. Ritter sold 23,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $19.95, for a total transaction of $458,850.00. Following the completion of the transaction, the executive vice president now directly owns 41,671 shares in the company, valued at $831,336.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.33% of the company’s stock.

Regions Financial Price Performance

Shares of NYSE:RF traded down $0.28 during trading on Wednesday, hitting $22.11. 8,047,290 shares of the company were exchanged, compared to its average volume of 8,243,704. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $22.84. The company has a market capitalization of $20.25 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 2.53 and a beta of 1.18. The business’s 50 day moving average is $19.73 and its 200-day moving average is $19.38.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The firm’s revenue was down 11.5% compared to the same quarter last year. Equities analysts forecast that Regions Financial Co. will post 1.98 earnings per share for the current year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 3rd. This is an increase from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.52%. Regions Financial’s payout ratio is presently 52.17%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Evercore ISI cut their target price on Regions Financial from $22.00 to $21.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Royal Bank of Canada lifted their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday. Bank of America boosted their price objective on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, Wells Fargo & Company upped their price objective on Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.45.

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.