Severin Investments LLC Purchases Shares of 26,273 Regions Financial Corporation $RF

Severin Investments LLC acquired a new position in Regions Financial Corporation (NYSE:RF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,273 shares of the bank’s stock, valued at approximately $712,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fidelis Capital Partners LLC grew its stake in shares of Regions Financial by 75.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 51,427 shares of the bank’s stock worth $1,394,000 after acquiring an additional 22,112 shares during the last quarter. Royal Palms Capital LLC acquired a new stake in shares of Regions Financial in the fourth quarter worth $4,137,000. Expressive Wealth LLC acquired a new stake in shares of Regions Financial in the fourth quarter worth $475,000. Steel Grove Capital Advisors LLC acquired a new stake in shares of Regions Financial in the fourth quarter worth $242,000. Finally, Bleakley Financial Group LLC grew its stake in shares of Regions Financial by 19.4% in the fourth quarter. Bleakley Financial Group LLC now owns 41,122 shares of the bank’s stock worth $1,114,000 after acquiring an additional 6,685 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $32.00 price objective on shares of Regions Financial in a research note on Tuesday, March 3rd. Truist Financial restated a “hold” rating and issued a $30.00 price objective on shares of Regions Financial in a research note on Tuesday, April 21st. Piper Sandler lowered their price objective on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Brean Capital assumed coverage on shares of Regions Financial in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley lowered their price objective on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.47.

Insiders Place Their Bets

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Regions Financial Stock Down 0.6%

RF opened at $28.08 on Thursday. Regions Financial Corporation has a fifty-two week low of $20.79 and a fifty-two week high of $31.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s fifty day moving average price is $27.13 and its two-hundred day moving average price is $27.37. The company has a market capitalization of $23.96 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.10 and a beta of 1.02.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company earned $0.54 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. On average, analysts anticipate that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.265 per share. The ex-dividend date is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.8%. Regions Financial’s payout ratio is currently 44.17%.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.