Benjamin Edwards Inc. Raises Stake in Regions Financial Co. (NYSE:RF)

Benjamin Edwards Inc. lifted its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 321,195 shares of the bank's stock after acquiring an additional 36,440 shares during the period. Benjamin Edwards Inc.'s holdings in Regions Financial were worth $7,554,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of RF. Charles Schwab Investment Management Inc. raised its stake in shares of 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 worth $686,398,000 after buying an additional 1,396,647 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Regions Financial by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock valued at $540,284,000 after purchasing an additional 403,283 shares during the period. First Trust Advisors LP lifted its position in Regions Financial by 7.7% in the 4th quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock worth $401,097,000 after buying an additional 1,224,645 shares in the last quarter. Invesco Ltd. grew its stake in shares of Regions Financial by 14.5% in the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after buying an additional 1,963,954 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Regions Financial in the fourth quarter worth about $279,103,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Insider Activity at Regions Financial

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RF. The Goldman Sachs Group reduced their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods decreased their price target on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Truist Financial dropped their price objective on Regions Financial from $24.00 to $21.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley lowered their target price on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a report on Monday, April 7th. Finally, Stephens reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.53.

Regions Financial Stock Up 0.3 %

NYSE:RF traded up $0.06 during trading hours on Wednesday, reaching $20.77. The company had a trading volume of 5,446,931 shares, compared to its average volume of 8,103,056. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The business's 50-day simple moving average is $20.74 and its two-hundred day simple moving average is $23.31. The firm has a market cap of $18.81 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 1.93 and a beta of 0.97. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the previous year, the firm earned $0.37 earnings per share. On average, equities analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio is currently 48.08%.

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.