Regions Financial Corporation $RF Holdings Lifted by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its position in shares of Regions Financial Corporation (NYSE:RF) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,677 shares of the bank’s stock after buying an additional 3,126 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Regions Financial were worth $1,756,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Leavell Investment Management Inc. boosted its stake in Regions Financial by 7.7% during the second quarter. Leavell Investment Management Inc. now owns 259,652 shares of the bank’s stock valued at $6,173,000 after buying an additional 18,503 shares in the last quarter. CVA Family Office LLC boosted its stake in Regions Financial by 163.2% during the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after buying an additional 656 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Regions Financial by 7.1% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,974 shares of the bank’s stock valued at $61,151,000 after buying an additional 171,883 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Regions Financial during the second quarter valued at about $32,000. Finally, First Citizens Bank & Trust Co. boosted its stake in Regions Financial by 13.8% during the second quarter. First Citizens Bank & Trust Co. now owns 646,092 shares of the bank’s stock valued at $15,196,000 after buying an additional 78,377 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Insider Activity

In other Regions Financial news, Director Roger W. Jenkins acquired 4,000 shares of Regions Financial stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $25.48 per share, with a total value of $101,920.00. Following the purchase, the director owned 6,383 shares in the company, valued at approximately $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David R. Keenan sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total value of $750,300.00. Following the sale, the executive vice president directly owned 90,915 shares of the company’s stock, valued at $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Regions Financial Stock Up 1.9%

Shares of Regions Financial stock opened at $24.56 on Friday. The stock has a 50-day moving average price of $26.10 and a 200 day moving average price of $23.87. The company has a market cap of $21.92 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.26 and a beta of 1.02. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $1.81 billion during the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%. As a group, analysts expect that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, December 1st. Regions Financial’s dividend payout ratio is currently 46.70%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RF. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regions Financial in a research report on Saturday. Morgan Stanley set a $32.00 price target on Regions Financial in a research report on Monday, September 29th. Cantor Fitzgerald began coverage on Regions Financial in a research report on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 price target for the company. Cowen reiterated a “buy” rating on shares of Regions Financial in a research report on Tuesday. Finally, Truist Financial decreased their price target on Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.19.

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.