Stanley Laman Group Ltd. Lowers Position in Regions Financial Co. (NYSE:RF)

Stanley Laman Group Ltd. reduced its position in Regions Financial Co. (NYSE:RF) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,525 shares of the bank’s stock after selling 690 shares during the period. Stanley Laman Group Ltd.’s holdings in Regions Financial were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Syon Capital LLC raised its position in Regions Financial by 20.6% during the fourth quarter. Syon Capital LLC now owns 25,497 shares of the bank’s stock worth $494,000 after acquiring an additional 4,362 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Regions Financial by 8.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,301 shares of the bank’s stock valued at $471,000 after purchasing an additional 1,810 shares during the last quarter. Alaska Permanent Fund Corp grew its stake in shares of Regions Financial by 1.0% in the 4th quarter. Alaska Permanent Fund Corp now owns 127,456 shares of the bank’s stock valued at $2,470,000 after buying an additional 1,256 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Regions Financial during the 4th quarter valued at approximately $166,000. Finally, Linden Thomas Advisory Services LLC lifted its holdings in Regions Financial by 3.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 71,458 shares of the bank’s stock valued at $1,385,000 after acquiring an additional 2,571 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director William C. Rhodes III acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was acquired at an average cost of $19.37 per share, with a total value of $968,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares in the company, valued at $968,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Jefferies Financial Group raised Regions Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $15.00 to $22.00 in a research note on Tuesday, January 9th. Piper Sandler boosted their price target on shares of Regions Financial from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley lowered their price objective on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday. Truist Financial cut their target price on Regions Financial from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Stephens reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of Regions Financial in a research note on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.34.

Regions Financial Stock Up 0.1 %

RF stock traded up $0.01 during mid-day trading on Friday, hitting $19.62. The stock had a trading volume of 5,241,245 shares, compared to its average volume of 8,790,399. The stock has a market capitalization of $18.03 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.45 and a beta of 1.21. The company has a fifty day moving average of $19.41 and a 200 day moving average of $18.07. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.08.

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

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.24 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 4.89%. Regions Financial’s payout ratio is 52.17%.

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.