Huber Capital Management LLC Purchases 115,000 Shares of Regions Financial Corporation $RF

Huber Capital Management LLC lifted its position in shares of Regions Financial Corporation (NYSE:RF) by 60.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 306,545 shares of the bank’s stock after buying an additional 115,000 shares during the quarter. Regions Financial comprises approximately 1.2% of Huber Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Huber Capital Management LLC’s holdings in Regions Financial were worth $8,307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Regions Financial by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock valued at $862,792,000 after acquiring an additional 215,061 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Regions Financial by 68.9% during the fourth quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock valued at $618,860,000 after acquiring an additional 9,312,449 shares in the last quarter. Morgan Stanley increased its position in shares of Regions Financial by 1.3% during the fourth quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock valued at $497,459,000 after acquiring an additional 231,924 shares in the last quarter. Norges Bank bought a new stake in shares of Regions Financial during the fourth quarter valued at approximately $254,564,000. Finally, LSV Asset Management increased its position in shares of Regions Financial by 4.0% during the fourth quarter. LSV Asset Management now owns 9,286,352 shares of the bank’s stock valued at $251,660,000 after acquiring an additional 357,101 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by insiders.

Regions Financial Trading Up 1.2%

Shares of RF stock opened at $29.24 on Friday. Regions Financial Corporation has a 1 year low of $21.40 and a 1 year high of $31.53. The firm has a fifty day moving average price of $27.79 and a 200-day moving average price of $27.65. 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 company has a market cap of $24.95 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.14 and a beta of 1.00.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities analysts predict that Regions Financial Corporation will post 2.61 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.6%. Regions Financial’s payout ratio is presently 44.17%.

Analyst Ratings Changes

A number of equities research analysts have commented on RF shares. Royal Bank Of Canada lifted their target price on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Brean Capital started coverage on shares of Regions Financial in a research report on Thursday, March 12th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. cut their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $32.00 target price on shares of Regions Financial in a research report on Tuesday, March 3rd. Finally, DA Davidson lifted their target price on shares of Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.47.

About Regions Financial

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.