Impact Partnership Wealth LLC Has $447,000 Holdings in Regions Financial Corporation $RF

Impact Partnership Wealth LLC lowered its position in shares of Regions Financial Corporation (NYSE:RF) by 54.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,003 shares of the bank’s stock after selling 22,832 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Regions Financial were worth $447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RF. American National Bank & Trust grew its position in Regions Financial by 2,433.3% during the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,022 shares in the last quarter. CVA Family Office LLC grew its position in Regions Financial by 163.2% during the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after purchasing an additional 656 shares in the last quarter. Bayforest Capital Ltd grew its position in Regions Financial by 637.3% during the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,058 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Regions Financial during the second quarter valued at approximately $30,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Regions Financial during the second quarter valued at approximately $32,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RF has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a research report on Wednesday, October 8th. Evercore ISI boosted their price objective on shares of Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Cowen reiterated a “buy” rating on shares of Regions Financial in a research note on Tuesday, October 21st. Truist Financial reduced their target price on shares of Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Monday, October 20th. Finally, Wall Street Zen upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.19.

Insiders Place Their Bets

In other news, EVP David R. Keenan sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the sale, the executive vice president directly owned 90,915 shares in the company, valued at approximately $2,273,784.15. The trade was a 24.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roger W. Jenkins acquired 4,000 shares of Regions Financial stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $25.48 per share, with a total value of $101,920.00. Following the completion of the purchase, the director directly owned 6,383 shares of the company’s stock, valued at $162,638.84. The trade was a 167.86% increase in their position. The SEC filing for this purchase provides additional information. 0.29% of the stock is currently owned by insiders.

Regions Financial Price Performance

NYSE RF opened at $24.18 on Friday. The company has a 50 day moving average price of $25.98 and a two-hundred day moving average price of $24.00. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The stock has a market capitalization of $21.58 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.24 and a beta of 1.02.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. The business had revenue of $1.81 billion during the quarter. As a group, equities analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, December 1st. Regions Financial’s payout ratio is presently 46.70%.

About Regions Financial

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.