Corient Private Wealth LLC Has $1.99 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Corient Private Wealth LLC decreased its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,793 shares of the bank's stock after selling 15,482 shares during the quarter. Corient Private Wealth LLC's holdings in Regions Financial were worth $1,994,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after purchasing an additional 394 shares during the last quarter. Ballentine Partners LLC boosted its stake in Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after purchasing an additional 420 shares in the last quarter. Prossimo Advisors LLC increased its holdings in shares of Regions Financial by 2.3% in the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after buying an additional 430 shares in the last quarter. Greenleaf Trust lifted its position in shares of Regions Financial by 1.8% in the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after acquiring an additional 436 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in shares of Regions Financial by 2.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after purchasing an additional 436 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several equities analysts have commented on RF shares. Piper Sandler increased their price target on Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. Morgan Stanley restated an "equal weight" rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Barclays raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. Truist Financial reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, Citigroup reduced their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.17.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have acquired 3,993 shares of company stock valued at $89,682. 0.29% of the stock is owned by company insiders.

Regions Financial Stock Down 2.3 %

Shares of NYSE RF traded down $0.52 during trading hours on Friday, hitting $21.42. The company had a trading volume of 5,096,899 shares, compared to its average volume of 7,799,160. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm's 50 day moving average is $23.30 and its 200-day moving average is $23.93. The stock has a market capitalization of $19.39 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. On average, analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's payout ratio is 51.55%.

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.