Silver Lake Advisory LLC Purchases 4,120 Shares of Regions Financial Co. (NYSE:RF)

Silver Lake Advisory LLC raised its position in shares of Regions Financial Co. (NYSE:RF) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,155 shares of the bank’s stock after acquiring an additional 4,120 shares during the period. Regions Financial makes up 2.2% of Silver Lake Advisory LLC’s portfolio, making the stock its 22nd biggest holding. Silver Lake Advisory LLC’s holdings in Regions Financial were worth $3,840,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RF. Whittier Trust Co. raised its position in Regions Financial by 16.5% in the 4th quarter. Whittier Trust Co. now owns 3,881 shares of the bank’s stock valued at $75,000 after purchasing an additional 549 shares during the last quarter. Pinnacle Financial Partners Inc increased its position in Regions Financial by 0.4% in the 4th quarter. Pinnacle Financial Partners Inc now owns 144,317 shares of the bank’s stock valued at $2,797,000 after acquiring an additional 606 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Regions Financial by 2.6% in the fourth quarter. SG Americas Securities LLC now owns 25,569 shares of the bank’s stock worth $496,000 after acquiring an additional 654 shares during the last quarter. Bangor Savings Bank lifted its position in shares of Regions Financial by 1.5% during the fourth quarter. Bangor Savings Bank now owns 45,952 shares of the bank’s stock worth $891,000 after purchasing an additional 667 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in shares of Regions Financial by 3.7% during the fourth quarter. Perigon Wealth Management LLC now owns 20,029 shares of the bank’s stock valued at $388,000 after purchasing an additional 709 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Jefferies Financial Group raised Regions Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $15.00 to $22.00 in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods increased their target price on shares of Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Morgan Stanley dropped their price target on Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, April 22nd. Finally, Evercore ISI upped their price target on shares of Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.34.

Insider Buying and Selling

In other news, Director William C. Rhodes III purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the purchase, the director now owns 50,000 shares of the company’s stock, valued at $968,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is currently owned by insiders.

Regions Financial Stock Performance

Shares of NYSE RF traded down $0.09 during midday trading on Thursday, reaching $19.48. The company’s stock had a trading volume of 1,492,885 shares, compared to its average volume of 8,597,952. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market capitalization of $17.90 billion, a P/E ratio of 10.63, a PEG ratio of 1.41 and a beta of 1.21. The firm has a 50 day moving average price of $19.50 and a 200-day moving average price of $18.17. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $21.08.

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

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 4.93%. Regions Financial’s payout ratio is currently 52.17%.

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.