Cwm LLC Grows Stock Position in Regions Financial Co. (NYSE:RF)

Cwm LLC boosted its position in Regions Financial Co. (NYSE:RF) by 1.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,137 shares of the bank’s stock after buying an additional 556 shares during the quarter. Cwm LLC’s holdings in Regions Financial were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Regions Financial in the fourth quarter worth $210,379,000. Wellington Management Group LLP boosted its holdings in shares of Regions Financial by 8.4% in the third quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock worth $925,780,000 after acquiring an additional 4,160,768 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Regions Financial by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank’s stock worth $2,281,118,000 after acquiring an additional 3,119,237 shares during the period. Invesco Ltd. boosted its holdings in shares of Regions Financial by 15.1% in the third quarter. Invesco Ltd. now owns 11,086,142 shares of the bank’s stock worth $190,682,000 after acquiring an additional 1,455,499 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Regions Financial by 13.4% in the third quarter. Northern Trust Corp now owns 10,761,543 shares of the bank’s stock worth $185,099,000 after acquiring an additional 1,268,045 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Regions Financial

In other news, EVP William D. Ritter sold 23,000 shares of Regions Financial stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the transaction, the executive vice president now owns 41,671 shares in the company, valued at $831,336.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 shares were 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 this link. Also, EVP William D. Ritter sold 23,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $19.95, for a total value of $458,850.00. Following the transaction, the executive vice president now owns 41,671 shares in the company, valued at approximately $831,336.45. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RF shares. Truist Financial dropped their price objective on Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Keefe, Bruyette & Woods lifted their price objective on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. 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 research note on Thursday, March 28th. Morgan Stanley dropped their price objective on Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Finally, Citigroup raised Regions Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $23.00 in a research note on Monday, March 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.34.

Regions Financial Stock Down 0.3 %

RF opened at $18.92 on Friday. The company has a market cap of $17.32 billion, a P/E ratio of 10.28, a P/E/G ratio of 2.07 and a beta of 1.19. The business’s 50-day moving average price is $19.26 and its 200-day moving average price is $19.08. 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 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 company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, equities analysts expect that Regions Financial Co. will post 1.96 EPS for the current year.

Regions Financial Announces Dividend

The business 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 $0.24 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.96 annualized dividend and a dividend yield of 5.08%. Regions Financial’s dividend payout ratio is currently 52.17%.

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.