Syon Capital LLC Raises Stock Position in Regions Financial Co. (NYSE:RF)

Syon Capital LLC boosted its stake in shares of Regions Financial Co. (NYSE:RF) by 20.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,497 shares of the bank’s stock after purchasing an additional 4,362 shares during the period. Syon Capital LLC’s holdings in Regions Financial were worth $494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Moisand Fitzgerald Tamayo LLC acquired a new stake in Regions Financial in the third quarter valued at approximately $26,000. Sound Income Strategies LLC increased its holdings in shares of Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after buying an additional 750 shares during the last quarter. HM Payson & Co. lifted its stake in shares of Regions Financial by 2,000.0% in the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,000 shares during the last quarter. West Paces Advisors Inc. increased its position in shares of Regions Financial by 277.2% during the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,752 shares during the last quarter. Finally, Baker Avenue Asset Management LP increased its holdings in Regions Financial by 69.4% in the 3rd quarter. Baker Avenue Asset Management LP now owns 2,441 shares of the bank’s stock valued at $42,000 after purchasing an additional 1,000 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Regions Financial

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 stock was purchased at an average price of $19.37 per share, with a total value of $968,500.00. Following the completion of the acquisition, the director now owns 50,000 shares of the company’s stock, valued at approximately $968,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Regions Financial Stock Up 0.1 %

Shares of NYSE RF opened at $19.62 on Friday. The stock has a market capitalization of $18.03 billion, a PE ratio of 10.66, a P/E/G ratio of 1.43 and a beta of 1.21. Regions Financial Co. has a 52-week low of $13.72 and a 52-week high of $21.08. The firm has a fifty day moving average of $19.43 and a 200-day moving average of $18.09. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, analysts anticipate that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 4.89%. Regions Financial’s dividend payout ratio is presently 52.17%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RF. Barclays reiterated an “underweight” rating and issued a $22.00 price objective (up from $20.00) on shares of Regions Financial in a research note on Tuesday, January 2nd. Truist Financial cut their target price 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 boosted their price objective on shares of Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Stephens reissued an “equal weight” rating and issued a $21.00 target price on shares of Regions Financial in a report on Tuesday, January 23rd. Finally, StockNews.com cut shares of Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Regions Financial presently has an average rating of “Hold” and a consensus target price of $20.34.

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.