Hilltop Holdings Inc. Makes New Investment in Regions Financial Co. (NYSE:RF)

Hilltop Holdings Inc. bought a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 97,215 shares of the bank's stock, valued at approximately $2,268,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RF. Private Advisor Group LLC lifted its holdings in Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock worth $581,000 after buying an additional 429 shares during the period. CWM LLC boosted its stake in Regions Financial by 1.1% in the third quarter. CWM LLC now owns 42,346 shares of the bank's stock valued at $988,000 after acquiring an additional 480 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in Regions Financial by 2.4% in the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank's stock worth $515,000 after purchasing an additional 506 shares during the last quarter. Centaurus Financial Inc. increased its position in shares of Regions Financial by 5.9% during the third quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank's stock worth $228,000 after purchasing an additional 540 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Regions Financial by 2.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank's stock valued at $473,000 after purchasing an additional 545 shares during the last quarter. Institutional investors own 79.39% of the company's stock.

Regions Financial Price Performance

Shares of NYSE:RF traded down $0.19 during midday trading on Tuesday, hitting $26.34. The company had a trading volume of 5,504,739 shares, compared to its average volume of 7,891,457. Regions Financial Co. has a twelve month low of $16.86 and a twelve month high of $27.96. The stock has a market cap of $23.94 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 2.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The business's 50-day simple moving average is $24.58 and its 200-day simple moving average is $22.16.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company's revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. On average, research analysts predict that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial's dividend payout ratio is presently 56.50%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RF shares. Truist Financial upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a report on Monday, October 21st. DA Davidson raised their price target on shares of Regions Financial from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Piper Sandler boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday. Argus upgraded Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 target price for the company in a research note on Thursday, October 24th. Finally, Stephens upgraded Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.18.

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.