Regions Financial Corporation (NYSE:RF) Shares Sold by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC lowered its stake in Regions Financial Corporation (NYSE:RF) by 6.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 71,110 shares of the bank’s stock after selling 5,050 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Regions Financial were worth $1,545,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in RF. Geode Capital Management LLC boosted its position in shares of Regions Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank’s stock valued at $540,284,000 after acquiring an additional 403,283 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Regions Financial by 7.7% during the 4th quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank’s stock valued at $401,097,000 after acquiring an additional 1,224,645 shares during the last quarter. Invesco Ltd. boosted its position in shares of Regions Financial by 14.5% during the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank’s stock valued at $363,823,000 after acquiring an additional 1,963,954 shares during the last quarter. Northern Trust Corp boosted its position in shares of Regions Financial by 14.8% during the 4th quarter. Northern Trust Corp now owns 9,658,858 shares of the bank’s stock valued at $227,176,000 after acquiring an additional 1,247,882 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Regions Financial by 11.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,369,608 shares of the bank’s stock valued at $220,373,000 after acquiring an additional 931,875 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $25.69 on Thursday. Regions Financial Corporation has a one year low of $17.74 and a one year high of $27.96. The company has a market cap of $23.09 billion, a PE ratio of 11.95, a P/E/G ratio of 1.51 and a beta of 0.98. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50-day simple moving average of $23.40 and a 200-day simple moving average of $22.57.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. On average, equities research analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 4.13%. This is an increase from Regions Financial’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. Regions Financial’s dividend payout ratio is 46.51%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial reissued a “hold” rating on shares of Regions Financial in a research report on Friday, May 23rd. Morgan Stanley boosted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. The Goldman Sachs Group reduced their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. DA Davidson boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Stephens boosted their price objective on shares of Regions Financial from $24.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, July 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.33.

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.