Atria Investments Inc Boosts Stake in Regions Financial Co. (NYSE:RF)

Atria Investments Inc increased its position in Regions Financial Co. (NYSE:RF) by 14.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,786 shares of the bank’s stock after purchasing an additional 2,686 shares during the period. Atria Investments Inc’s holdings in Regions Financial were worth $512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its position in Regions Financial by 15.7% in the 4th quarter. Assetmark Inc. now owns 21,556 shares of the bank’s stock valued at $507,000 after acquiring an additional 2,919 shares during the period. Victory Capital Management Inc. increased its position in Regions Financial by 20.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,403,666 shares of the bank’s stock valued at $33,014,000 after acquiring an additional 239,542 shares during the period. Charles Schwab Investment Management Inc. increased its position in Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock valued at $686,398,000 after acquiring an additional 1,396,647 shares during the period. Steward Partners Investment Advisory LLC increased its position in Regions Financial by 44.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 53,014 shares of the bank’s stock valued at $1,247,000 after acquiring an additional 16,271 shares during the period. Finally, WMG Financial Advisors LLC increased its position in Regions Financial by 1.4% during the 4th quarter. WMG Financial Advisors LLC now owns 54,943 shares of the bank’s stock worth $1,292,000 after purchasing an additional 750 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Up 2.9 %

Shares of NYSE RF opened at $21.45 on Friday. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a market cap of $19.42 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.93 and a beta of 1.19. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $23.67 and a 200 day moving average price of $24.00.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. Research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.66%. Regions Financial’s dividend payout ratio is presently 51.55%.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the purchase, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders acquired 4,523 shares of company stock worth $102,269 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RF shares. Citigroup dropped their target price on Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday. The Goldman Sachs Group boosted their target price on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler boosted their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Barclays upped their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Finally, Compass Point upped their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Regions Financial has an average rating of “Moderate Buy” and an average price target of $27.56.

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.