HHM Wealth Advisors LLC Increases Holdings in Regions Financial Co. (NYSE:RF)

HHM Wealth Advisors LLC lifted its stake in Regions Financial Co. (NYSE:RF) by 279.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,184 shares of the bank’s stock after purchasing an additional 84,120 shares during the period. Regions Financial accounts for approximately 0.4% of HHM Wealth Advisors LLC’s holdings, making the stock its 23rd largest position. HHM Wealth Advisors LLC’s holdings in Regions Financial were worth $2,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisor Resource Council purchased a new stake in Regions Financial in the 4th quarter worth $1,944,000. Vestmark Advisory Solutions Inc. increased its stake in Regions Financial by 126.3% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 26,436 shares of the bank’s stock worth $455,000 after buying an additional 14,756 shares in the last quarter. abrdn plc increased its stake in Regions Financial by 17.0% in the 4th quarter. abrdn plc now owns 2,350,151 shares of the bank’s stock worth $45,546,000 after buying an additional 341,878 shares in the last quarter. LPL Financial LLC increased its stake in Regions Financial by 19.6% in the 3rd quarter. LPL Financial LLC now owns 582,491 shares of the bank’s stock worth $10,019,000 after buying an additional 95,271 shares in the last quarter. Finally, Vaughan David Investments LLC IL increased its stake in Regions Financial by 48.9% in the 4th quarter. Vaughan David Investments LLC IL now owns 2,470,891 shares of the bank’s stock worth $47,886,000 after buying an additional 811,174 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Trading Up 0.1 %

Shares of NYSE:RF traded up $0.01 during trading on Friday, reaching $19.62. 5,245,531 shares of the company were exchanged, compared to its average volume of 7,566,787. The firm has a market capitalization of $18.03 billion, a PE ratio of 10.66, a P/E/G ratio of 1.43 and a beta of 1.21. The business’s fifty day simple moving average is $19.43 and its 200-day simple moving average is $18.11. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $21.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. On average, research analysts anticipate that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s payout ratio is 52.17%.

Insider Activity at Regions Financial

In other Regions Financial news, Director William C. Rhodes III acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average cost of $19.37 per share, with a total value of $968,500.00. Following the completion of the acquisition, the director now directly owns 50,000 shares in the company, valued at approximately $968,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RF. Truist Financial cut their price target on Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. StockNews.com downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Keefe, Bruyette & Woods increased their price objective on shares of Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Royal Bank of Canada increased their price target on shares of Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Finally, Evercore ISI raised their price objective on shares of Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.34.

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.