Regions Financial Corporation $RF Shares Sold by Huber Capital Management LLC

Key Points

• Huber Capital Management LLC reduced its stake in Regions Financial Corporation by 11.5%, now holding 249,545 shares worth approximately $5.42 million.
• Regions Financial recently announced a quarterly dividend of $0.265 per share, an increase from the previous $0.25, representing a 3.9% yield.
• Wall Street analysts rate Regions Financial with a consensus of "Moderate Buy" and a target price averaging $27.33, with eleven analysts giving a "Buy" rating.

Huber Capital Management LLC decreased its holdings in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 11.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,545 shares of the bank's stock after selling 32,300 shares during the quarter. Huber Capital Management LLC's holdings in Regions Financial were worth $5,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in Regions Financial by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank's stock worth $960,717,000 after buying an additional 1,562,512 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Regions Financial by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank's stock worth $675,645,000 after buying an additional 1,909,162 shares during the period. Invesco Ltd. increased its stake in Regions Financial by 35.7% during the 1st quarter. Invesco Ltd. now owns 20,990,446 shares of the bank's stock worth $456,122,000 after buying an additional 5,521,772 shares during the period. Northern Trust Corp increased its stake in Regions Financial by 14.8% during the 4th quarter. Northern Trust Corp now owns 9,658,858 shares of the bank's stock worth $227,176,000 after buying an additional 1,247,882 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Regions Financial by 11.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,369,608 shares of the bank's stock worth $220,373,000 after buying an additional 931,875 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Stock Up 0.3%

Shares of RF traded up $0.09 during midday trading on Monday, hitting $27.42. The company had a trading volume of 15,961,096 shares, compared to its average volume of 15,463,792. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $27.96. The company's 50 day moving average price is $25.23 and its 200 day moving average price is $22.77. The stock has a market cap of $24.46 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.58 and a beta of 1.02.

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 analysts' consensus estimates of $0.56 by $0.04. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts predict that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Regions Financial's previous quarterly dividend of $0.25. Regions Financial's payout ratio is currently 46.51%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of Regions Financial in a research note on Thursday, May 15th. They set a "buy" rating and a $31.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of Regions Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $24.00 price target on the stock. Citigroup lifted their price target on shares of Regions Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Truist Financial reissued a "hold" rating on shares of Regions Financial in a research report on Friday, May 23rd. Finally, Morgan Stanley boosted their target price on shares of Regions Financial from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Regions Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.33.

Insider Transactions at Regions Financial

In related news, EVP David R. Keenan sold 30,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were 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 owned 90,915 shares of the company's stock, valued at $2,273,784.15. This represents a 24.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roger W. Jenkins acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $25.48 per share, with a total value of $101,920.00. Following the transaction, the director owned 6,383 shares in the company, valued at approximately $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. 0.29% of the stock is owned by corporate insiders.

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.