Nalls Sherbakoff Group LLC Purchases New Position in Regions Financial Corporation $RF

Nalls Sherbakoff Group LLC acquired a new stake in Regions Financial Corporation (NYSE:RF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,250 shares of the bank’s stock, valued at approximately $1,443,000. Regions Financial makes up about 1.0% of Nalls Sherbakoff Group LLC’s portfolio, making the stock its 21st largest position.

Other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC increased its position in shares of Regions Financial by 3.9% during the fourth quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock worth $248,000 after purchasing an additional 346 shares in the last quarter. Van ECK Associates Corp grew its stake in Regions Financial by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock worth $911,000 after buying an additional 373 shares during the last quarter. Lcnb Corp increased its position in Regions Financial by 3.8% during the fourth quarter. Lcnb Corp now owns 10,725 shares of the bank’s stock worth $291,000 after buying an additional 390 shares during the period. West Paces Advisors Inc. increased its position in Regions Financial by 4.0% during the fourth quarter. West Paces Advisors Inc. now owns 10,505 shares of the bank’s stock worth $285,000 after buying an additional 405 shares during the period. Finally, Inspire Investing LLC lifted its stake in Regions Financial by 3.7% in the fourth quarter. Inspire Investing LLC now owns 12,455 shares of the bank’s stock valued at $338,000 after buying an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

RF has been the subject of several research analyst reports. Piper Sandler decreased their price objective on Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 30th. DA Davidson upped their price target on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Stephens started coverage on shares of Regions Financial in a research note on Monday, June 15th. They set an “equal weight” rating and a $31.00 price target for the company. Morgan Stanley decreased their price target on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Seven equities research 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $30.73.

Regions Financial Stock Up 0.0%

Regions Financial stock opened at $28.63 on Friday. Regions Financial Corporation has a twelve month low of $21.99 and a twelve month high of $31.53. The stock has a 50 day moving average of $27.99 and a two-hundred day moving average of $27.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $24.43 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.09 and a beta of 1.00.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. As a group, research analysts expect that Regions Financial Corporation will post 2.6 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, June 1st. Regions Financial’s dividend payout ratio (DPR) is 44.17%.

Insiders Place Their Bets

In other Regions Financial 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 value of $195,760.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by company insiders.

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.