Huber Capital Management LLC Grows Stake in Regions Financial Co. (NYSE:RF)

Huber Capital Management LLC grew its position in Regions Financial Co. (NYSE:RF - Free Report) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 281,845 shares of the bank's stock after buying an additional 50,600 shares during the quarter. Regions Financial accounts for 1.3% of Huber Capital Management LLC's holdings, making the stock its 28th largest holding. Huber Capital Management LLC's holdings in Regions Financial were worth $6,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in Regions Financial by 16.3% during the third quarter. State Street Corp now owns 55,485,987 shares of the bank's stock worth $1,306,813,000 after buying an additional 7,791,399 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock worth $686,398,000 after acquiring an additional 1,396,647 shares in the last quarter. Geode Capital Management LLC boosted its position in Regions Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock valued at $540,284,000 after purchasing an additional 403,283 shares in the last quarter. Norges Bank purchased a new position in Regions Financial in the fourth quarter valued at about $279,103,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Regions Financial by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank's stock worth $203,273,000 after purchasing an additional 112,885 shares in the last quarter. Institutional investors own 79.39% of the company's stock.

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Regions Financial Stock Performance

NYSE:RF traded up $0.09 during mid-day trading on Tuesday, hitting $18.77. The company's stock had a trading volume of 4,241,314 shares, compared to its average volume of 8,913,586. The business's fifty day moving average is $22.76 and its two-hundred day moving average is $23.86. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 1.93 and a beta of 1.01. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

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

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.33%. The ex-dividend date was Monday, March 3rd. Regions Financial's dividend payout ratio is currently 51.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RF shares. Wells Fargo & Company lowered their price target on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Truist Financial lowered their target price on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Compass Point upped their price target on Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Barclays raised their price objective on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. Finally, Morgan Stanley reduced their target price on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.42.

Insider Activity at Regions Financial

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 3,868 shares of company stock worth $86,722 in the last three months. Company insiders own 0.29% of the company's stock.

About Regions Financial

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.