HHM Wealth Advisors LLC Boosts Stake in Regions Financial Co. (NYSE:RF)

HHM Wealth Advisors LLC grew its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 279.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,184 shares of the bank's stock after purchasing an additional 84,120 shares during the period. Regions Financial comprises about 0.4% of HHM Wealth Advisors LLC's holdings, making the stock its 23rd largest holding. HHM Wealth Advisors LLC's holdings in Regions Financial were worth $2,213,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in Regions Financial during the third quarter worth about $26,000. Sound Income Strategies LLC lifted its stake in shares of Regions Financial by 103.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank's stock valued at $29,000 after acquiring an additional 750 shares during the last quarter. HM Payson & Co. lifted its stake in shares of Regions Financial by 2,000.0% in the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank's stock valued at $36,000 after acquiring an additional 2,000 shares during the last quarter. West Paces Advisors Inc. lifted its stake in shares of Regions Financial by 277.2% in the 3rd quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank's stock valued at $41,000 after acquiring an additional 1,752 shares during the last quarter. Finally, Baker Avenue Asset Management LP lifted its stake in shares of Regions Financial by 69.4% in the 3rd quarter. Baker Avenue Asset Management LP now owns 2,441 shares of the bank's stock valued at $42,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 79.39% of the company's stock.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director William C. Rhodes III purchased 50,000 shares of the firm's stock in a transaction on Tuesday, April 23rd. The shares were acquired at an average cost of $19.37 per share, with a total value of $968,500.00. Following the completion of the acquisition, the director now directly owns 50,000 shares in the company, valued at $968,500. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company's stock.

Regions Financial Stock Performance

Regions Financial stock traded up $0.01 during trading on Friday, reaching $19.62. The company had a trading volume of 5,245,531 shares, compared to its average volume of 7,566,787. Regions Financial Co. has a 52 week low of $13.72 and a 52 week high of $21.08. The firm's 50-day simple moving average is $19.43 and its 200 day simple moving average is $18.12. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. Regions Financial's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 earnings per share. Sell-side analysts forecast that Regions Financial Co. will post 1.95 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 4.89%. Regions Financial's dividend payout ratio is presently 52.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group raised Regions Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $15.00 to $22.00 in a research note on Tuesday, January 9th. Argus lowered Regions Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, January 23rd. Evercore ISI boosted their price target on Regions Financial from $20.00 to $22.00 and gave the company an "in-line" rating in a report on Thursday, March 28th. StockNews.com downgraded Regions Financial from a "hold" rating to a "sell" rating in a report on Tuesday, February 6th. Finally, Barclays restated an "underweight" rating and set a $22.00 price target (up previously from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Regions Financial has an average rating of "Hold" and a consensus price target of $20.34.

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.