Regions Financial Co. (NYSE:RF) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC cut its holdings in Regions Financial Co. (NYSE:RF) by 1.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 69,604 shares of the bank’s stock after selling 1,196 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Regions Financial were worth $1,464,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Laurel Wealth Advisors LLC grew its stake in shares of Regions Financial by 86.5% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after buying an additional 649 shares during the period. ICA Group Wealth Management LLC purchased a new stake in shares of Regions Financial during the 4th quarter valued at $28,000. Sound Income Strategies LLC grew its stake in shares of Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after buying an additional 750 shares during the period. Glassman Wealth Services grew its stake in shares of Regions Financial by 163.3% during the 4th quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after buying an additional 967 shares during the period. Finally, Voisard Asset Management Group Inc. purchased a new stake in shares of Regions Financial during the 4th quarter valued at $46,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Regions Financial news, Director William C. Rhodes III acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares in the company, valued at $968,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director William C. Rhodes III purchased 50,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the purchase, the director now owns 50,000 shares of the company’s stock, valued at $968,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William D. Ritter sold 23,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $19.95, for a total transaction of $458,850.00. Following the completion of the sale, the executive vice president now owns 41,671 shares in the company, valued at approximately $831,336.45. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RF. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Thursday. Truist Financial decreased their price target on shares of Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Evercore ISI decreased their price target on shares of Regions Financial from $22.00 to $21.00 and set an “in-line” rating for the company in a research report on Tuesday. Piper Sandler upped their price target on shares of Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, Morgan Stanley decreased their price target on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial currently has an average rating of “Hold” and an average price target of $20.28.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $19.20 on Friday. The firm has a market cap of $17.58 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The firm’s 50-day simple moving average is $19.27 and its 200-day simple moving average is $19.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. Regions Financial Co. has a 1 year low of $13.72 and a 1 year high of $21.08.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (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 analyst estimates of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. Equities analysts forecast that Regions Financial Co. will post 1.96 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.96 annualized dividend and a yield of 5.00%. Regions Financial’s dividend payout ratio (DPR) is 52.17%.

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.