Koshinski Asset Management Inc. Acquires 3,232 Shares of Regions Financial Corporation $RF

Koshinski Asset Management Inc. boosted its holdings in shares of Regions Financial Corporation (NYSE:RF) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,283 shares of the bank’s stock after acquiring an additional 3,232 shares during the period. Koshinski Asset Management Inc.’s holdings in Regions Financial were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American National Bank & Trust lifted its holdings in Regions Financial by 2,433.3% during the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after acquiring an additional 1,022 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in Regions Financial by 637.3% during the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after acquiring an additional 1,058 shares in the last quarter. Rossby Financial LCC bought a new position in Regions Financial during the first quarter worth about $36,000. Groupe la Francaise bought a new position in Regions Financial during the first quarter worth about $41,000. Finally, Ameritas Advisory Services LLC bought a new position in Regions Financial during the second quarter worth about $44,000. 79.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RF. Wall Street Zen upgraded Regions Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. Truist Financial cut their price target on Regions Financial from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Monday. Citigroup boosted their price target on Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Keefe, Bruyette & Woods boosted their price target on Regions Financial from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial presently has a consensus rating of “Moderate Buy” and an average price target of $27.94.

Regions Financial Stock Performance

RF opened at $24.06 on Tuesday. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96. The firm has a market capitalization of $21.46 billion, a PE ratio of 10.60, a PEG ratio of 1.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.82. The business’s 50-day simple moving average is $26.21 and its 200 day simple moving average is $23.75.

Regions Financial (NYSE:RF) last released its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%.The business had revenue of $1.81 billion for the quarter. As a group, sell-side analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, December 1st. Regions Financial’s dividend payout ratio is presently 46.70%.

Insider Activity

In related news, Director Roger W. Jenkins bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the acquisition, the director owned 6,383 shares of the company’s stock, valued at approximately $162,638.84. The trade was a 167.86% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David R. Keenan sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total value of $750,300.00. Following the sale, the executive vice president owned 90,915 shares in the company, valued at $2,273,784.15. The trade was a 24.81% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

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.