Wealthcare Advisory Partners LLC Has $1.37 Million Stock Position in Regions Financial Co. (NYSE:RF)

Wealthcare Advisory Partners LLC cut its position in Regions Financial Co. (NYSE:RF) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,800 shares of the bank’s stock after selling 7,099 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Regions Financial were worth $1,372,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RF. Sound Income Strategies LLC grew its holdings in shares of Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after purchasing an additional 750 shares in the last quarter. HM Payson & Co. raised its stake in shares of Regions Financial by 2,000.0% in the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock valued at $36,000 after buying an additional 2,000 shares in the last quarter. West Paces Advisors Inc. lifted its holdings in shares of Regions Financial by 277.2% during the 3rd quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock worth $41,000 after acquiring an additional 1,752 shares during the period. Baker Avenue Asset Management LP boosted its position in shares of Regions Financial by 69.4% during the 3rd quarter. Baker Avenue Asset Management LP now owns 2,441 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in Regions Financial by 113.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,492 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,322 shares during the period. Institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RF shares. Evercore ISI lifted their price objective on Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods raised their price target on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Royal Bank of Canada lifted their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Piper Sandler raised their price target on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, Stephens reissued an “equal weight” rating and issued a $21.00 target price 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 issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Regions Financial presently has a consensus rating of “Hold” and an average price target of $20.34.

Insider Activity

In other Regions Financial news, Director William C. Rhodes III acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the acquisition, the director now directly owns 50,000 shares in the company, valued at $968,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Regions Financial Trading Up 0.4 %

RF stock traded up $0.08 on Tuesday, reaching $19.91. The company’s stock had a trading volume of 1,483,087 shares, compared to its average volume of 8,475,144. The business has a fifty day simple moving average of $19.59 and a two-hundred day simple moving average of $18.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market cap of $18.29 billion, a PE ratio of 10.82, a PEG ratio of 1.45 and a beta of 1.21. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $21.08.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.08). The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. As a group, research analysts forecast that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Monday, June 3rd. Regions Financial’s dividend payout ratio is presently 52.17%.

Regions Financial 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.