Magnolia Capital Advisors LLC Has $717,000 Stock Holdings in Regions Financial Corporation $RF

Magnolia Capital Advisors LLC boosted its holdings in shares of Regions Financial Corporation (NYSE:RF) by 42.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 30,467 shares of the bank’s stock after acquiring an additional 9,107 shares during the period. Magnolia Capital Advisors LLC’s holdings in Regions Financial were worth $717,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RF. Invesco Ltd. grew its holdings in Regions Financial by 35.7% during the 1st quarter. Invesco Ltd. now owns 20,990,446 shares of the bank’s stock worth $456,122,000 after acquiring an additional 5,521,772 shares during the period. Nuveen LLC acquired a new position in shares of Regions Financial in the 1st quarter valued at $53,018,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Regions Financial by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank’s stock valued at $675,645,000 after buying an additional 1,909,162 shares during the period. Amundi grew its holdings in shares of Regions Financial by 20.4% in the 1st quarter. Amundi now owns 10,010,267 shares of the bank’s stock valued at $198,721,000 after buying an additional 1,696,347 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Regions Financial by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank’s stock valued at $960,717,000 after buying an additional 1,562,512 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Transactions at Regions Financial

In related news, Director Roger W. Jenkins purchased 4,000 shares of the firm’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 purchase, the director owned 6,383 shares in the company, valued at approximately $162,638.84. This represents a 167.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David R. Keenan sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the transaction, the executive vice president owned 90,915 shares in the company, valued at approximately $2,273,784.15. This trade represents a 24.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RF. Cantor Fitzgerald began coverage on shares of Regions Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 price target for the company. Truist Financial decreased their price target on shares of Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a research report on Wednesday, October 8th. Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a research report on Monday, September 29th. Finally, Cowen reaffirmed a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.19.

Regions Financial Trading Up 0.1%

Shares of NYSE:RF opened at $24.23 on Tuesday. The company’s 50-day moving average price is $25.88 and its two-hundred day moving average price is $24.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81. Regions Financial Corporation has a one year low of $17.74 and a one year high of $27.96. The stock has a market capitalization of $21.62 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.24 and a beta of 1.02.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. The firm had revenue of $1.81 billion for the quarter. On average, equities analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

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

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.