Stieven Capital Advisors L.P. Has $12.01 Million Stock Holdings in Regions Financial Corporation $RF

Stieven Capital Advisors L.P. cut its stake in Regions Financial Corporation (NYSE:RF) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,182 shares of the bank’s stock after selling 26,200 shares during the period. Regions Financial makes up about 2.2% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 21st biggest holding. Stieven Capital Advisors L.P. owned approximately 0.05% of Regions Financial worth $12,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Empowered Funds LLC grew its position in Regions Financial by 7.2% during the 1st quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock worth $416,000 after acquiring an additional 1,278 shares during the last quarter. Woodline Partners LP grew its position in Regions Financial by 40.7% during the 1st quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock worth $1,669,000 after acquiring an additional 22,216 shares during the last quarter. Baird Financial Group Inc. grew its position in Regions Financial by 0.7% during the 2nd quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank’s stock worth $1,687,000 after acquiring an additional 511 shares during the last quarter. Federated Hermes Inc. grew its position in Regions Financial by 81.2% during the 2nd quarter. Federated Hermes Inc. now owns 11,677 shares of the bank’s stock worth $275,000 after acquiring an additional 5,233 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Regions Financial by 5.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank’s stock worth $3,320,000 after acquiring an additional 6,690 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RF. Brean Capital began coverage on Regions Financial in a research report on Thursday, March 12th. They set a “neutral” rating on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $32.00 price objective on shares of Regions Financial in a research report on Tuesday, March 3rd. Royal Bank Of Canada boosted their price objective on Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. DA Davidson boosted their price objective on Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Morgan Stanley reduced their price objective on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.47.

Regions Financial Stock Up 0.6%

Shares of RF opened at $27.87 on Friday. The company has a market capitalization of $23.78 billion, a PE ratio of 11.61, a PEG ratio of 1.08 and a beta of 1.02. Regions Financial Corporation has a 12 month low of $20.79 and a 12 month high of $31.53. The stock’s 50-day moving average price is $26.95 and its two-hundred day moving average price is $27.26. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. On average, analysts anticipate that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.265 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 annualized dividend and a dividend yield of 3.8%. Regions Financial’s dividend payout ratio is currently 44.17%.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.