Cetera Investment Advisers Has $6.88 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Cetera Investment Advisers grew its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 292,379 shares of the bank's stock after acquiring an additional 18,489 shares during the quarter. Cetera Investment Advisers' holdings in Regions Financial were worth $6,877,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RF. Y.D. More Investments Ltd lifted its stake in Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after purchasing an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new position in Regions Financial during the fourth quarter worth approximately $28,000. Picton Mahoney Asset Management boosted its stake in Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after buying an additional 1,201 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Regions Financial during the fourth quarter worth $32,000. Finally, Creative Capital Management Investments LLC purchased a new stake in Regions Financial in the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Up 0.6%

Shares of Regions Financial stock traded up $0.14 on Friday, hitting $22.60. 4,804,807 shares of the company's stock traded hands, compared to its average volume of 8,090,025. 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 firm's 50-day moving average is $20.66 and its 200 day moving average is $23.23. The stock has a market cap of $20.31 billion, a P/E ratio of 11.65, a PEG ratio of 1.93 and a beta of 0.97. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the business posted $0.37 EPS. Equities analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio is currently 48.08%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RF. Morgan Stanley reduced their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a report on Monday, April 7th. TD Cowen began coverage on shares of Regions Financial in a research note on Thursday. They set a "buy" rating and a $31.00 target price on the stock. Truist Financial dropped their price target on shares of Regions Financial from $24.00 to $21.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods decreased their target price on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Finally, The Goldman Sachs Group cut their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Regions Financial currently has an average rating of "Moderate Buy" and an average target price of $25.80.

Insider Buying and Selling

In related news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.29% of the company's stock.

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.