9,275 Shares in Regions Financial Corporation $RF Purchased by Samalin Investment Counsel LLC

Key Points

• Samalin Investment Counsel LLC acquired 9,275 shares of Regions Financial Corporation, valued at approximately $202,000, according to their recent 13F filing.
• Regions Financial reported earnings of $0.60 per share, exceeding analysts' estimates, alongside a revenue increase of 10.1% year-over-year.
• The company announced a dividend increase to $0.265 per share, representing a dividend yield of 3.9% and a payout ratio of 46.51%.

Samalin Investment Counsel LLC acquired a new position in shares of Regions Financial Corporation (NYSE:RF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,275 shares of the bank's stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Foster Victor Wealth Advisors LLC boosted its position in shares of Regions Financial by 5.4% in the first 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 period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Regions Financial by 0.9% in the first 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 period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position 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 buying an additional 18,684 shares during the period. Kingswood Wealth Advisors LLC boosted its position 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 buying an additional 7,822 shares during the period. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Regions Financial in the first quarter worth $272,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Stock Up 0.3%

NYSE RF traded up $0.09 during trading on Monday, hitting $27.42. 15,961,096 shares of the company traded hands, compared to its average volume of 15,463,792. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The business has a fifty day simple moving average of $25.23 and a 200 day simple moving average of $22.77. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $24.46 billion, a P/E ratio of 12.75, a PEG ratio of 1.58 and a beta of 1.02.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results 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 company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company earned $0.52 earnings per share. The business's revenue was up 10.1% compared to the same quarter last year. As a group, sell-side 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. Stockholders of record on Tuesday, September 2nd will be paid a $0.265 dividend. The ex-dividend date is Tuesday, September 2nd. This is a boost from Regions Financial's previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.9%. Regions Financial's dividend payout ratio is presently 46.51%.

Analysts Set New Price Targets

RF has been the subject of several recent analyst reports. Cowen initiated coverage on Regions Financial in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Stephens raised their target price on Regions Financial from $24.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Barclays reaffirmed an "underweight" rating and issued a $27.00 target price (up previously from $24.00) on shares of Regions Financial in a research report on Monday, July 21st. Morgan Stanley increased their price objective on Regions Financial from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, TD Cowen initiated coverage on Regions Financial in a report on Thursday, May 15th. They set a "buy" rating and a $31.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.33.

Insider Transactions at Regions Financial

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

About Regions Financial

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.