27,500 Shares in Regions Financial Corporation $RF Bought by Brasada Capital Management LP

Key Points

• Brasada Capital Management LP purchased 27,500 shares of Regions Financial Corporation valued at approximately $598,000, highlighting growing institutional interest in the bank.
• Regions Financial's recent quarterly earnings showed EPS of $0.60, exceeding estimates, and an annual revenue increase of 10.1%, indicating strong financial performance.
• The bank announced a dividend increase to $0.265 per share, resulting in a dividend yield of 3.9%, demonstrating a commitment to returning value to shareholders.

Brasada Capital Management LP acquired a new position in shares of Regions Financial Corporation (NYSE:RF - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,500 shares of the bank's stock, valued at approximately $598,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Foster Victor Wealth Advisors LLC grew its stake in Regions Financial by 5.4% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 304,011 shares of the bank's stock worth $6,606,000 after buying an additional 15,652 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Regions Financial by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,428,091 shares of the bank's stock worth $52,762,000 after buying an additional 21,169 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Regions Financial by 13.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 157,566 shares of the bank's stock worth $3,424,000 after purchasing an additional 18,684 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of Regions Financial by 62.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank's stock worth $440,000 after purchasing an additional 7,822 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Regions Financial in the first quarter worth $272,000. 79.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Regions Financial

In other news, EVP David R. Keenan sold 30,000 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the sale, the executive vice president directly owned 90,915 shares of the company's stock, valued at $2,273,784.15. This represents a 24.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Roger W. Jenkins bought 4,000 shares of Regions Financial stock in a transaction dated Wednesday, August 13th. The shares were bought at an average cost of $25.48 per share, with a total value of $101,920.00. Following the completion of the acquisition, the director owned 6,383 shares of the company's stock, valued at $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Cowen assumed coverage on Regions Financial in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. Citigroup increased their price target on Regions Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. DA Davidson increased their price target on Regions Financial from $25.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. TD Cowen assumed coverage on Regions Financial in a research note on Thursday, May 15th. They issued a "buy" rating and a $31.00 price target for the company. Finally, Truist Financial reissued a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.33.

Regions Financial Trading Up 0.3%

Shares of Regions Financial stock opened at $27.42 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01. The business has a fifty day simple moving average of $25.23 and a 200-day simple moving average of $22.78. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The company's revenue was up 10.1% on a year-over-year basis. On average, equities analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.265 per share. This is a positive change from Regions Financial's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Regions Financial's dividend payout ratio (DPR) is currently 49.30%.

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.

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