UMB Bank n.a. Has $14.11 Million Position in Regions Financial Co. (NYSE:RF)

UMB Bank n.a. lessened its position in Regions Financial Co. (NYSE:RF) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 604,781 shares of the bank’s stock after selling 12,023 shares during the quarter. UMB Bank n.a. owned approximately 0.07% of Regions Financial worth $14,110,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Icon Wealth Advisors LLC acquired a new stake in shares of Regions Financial in the fourth quarter valued at approximately $499,000. Caxton Associates LP increased its stake in Regions Financial by 493.3% in the 4th quarter. Caxton Associates LP now owns 115,316 shares of the bank’s stock valued at $2,235,000 after buying an additional 95,879 shares during the last quarter. Black Maple Capital Management LP lifted its position in Regions Financial by 20.3% during the 4th quarter. Black Maple Capital Management LP now owns 135,300 shares of the bank’s stock worth $2,622,000 after buying an additional 22,800 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in shares of Regions Financial during the 4th quarter worth about $46,000. Finally, V Square Quantitative Management LLC grew its holdings in shares of Regions Financial by 22.7% in the 4th quarter. V Square Quantitative Management LLC now owns 22,371 shares of the bank’s stock valued at $434,000 after acquiring an additional 4,136 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Jefferies Financial Group upped their target price on Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Wells Fargo & Company upped their price objective on Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, July 22nd. Morgan Stanley raised their target price on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Truist Financial upped their price target on shares of Regions Financial from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, Evercore ISI increased their price target on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.86.

Regions Financial Stock Performance

Shares of NYSE:RF traded down $0.03 during trading on Thursday, reaching $23.05. 863,821 shares of the stock were exchanged, compared to its average volume of 7,874,896. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $23.47. The stock has a 50-day moving average price of $22.22 and a 200-day moving average price of $20.71. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The firm has a market cap of $21.11 billion, a PE ratio of 12.54, a PEG ratio of 2.95 and a beta of 1.17.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the company earned $0.59 EPS. The business’s revenue was down 11.5% on a year-over-year basis. Research analysts expect that Regions Financial Co. will post 2.01 EPS for the current fiscal year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.25 per share. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Tuesday, September 3rd. Regions Financial’s dividend payout ratio is 54.35%.

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.