Atria Investments Inc Grows Stock Position in Regions Financial Corporation $RF

Atria Investments Inc boosted its position in Regions Financial Corporation (NYSE:RF) by 13.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,391 shares of the bank’s stock after buying an additional 2,894 shares during the period. Atria Investments Inc’s holdings in Regions Financial were worth $574,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI increased its stake in Regions Financial by 34.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 61,387 shares of the bank’s stock valued at $1,444,000 after acquiring an additional 15,820 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Regions Financial in the 1st quarter worth approximately $272,000. Stratos Wealth Partners LTD. bought a new position in shares of Regions Financial during the 1st quarter worth approximately $245,000. Benjamin Edwards Inc. boosted its stake in Regions Financial by 6.6% in the 1st quarter. Benjamin Edwards Inc. now owns 342,263 shares of the bank’s stock valued at $7,437,000 after buying an additional 21,068 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Regions Financial by 4.9% in the second quarter. Nordea Investment Management AB now owns 419,311 shares of the bank’s stock valued at $9,913,000 after acquiring an additional 19,579 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Up 2.2%

NYSE:RF opened at $24.85 on Monday. The stock’s 50 day moving average price is $25.64 and its two-hundred day moving average price is $24.28. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96. The firm has a market capitalization of $21.79 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Regions Financial (NYSE:RF) last released 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 business had revenue of $1.81 billion for the quarter. Equities research analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders 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 yield of 4.3%. The ex-dividend date of this dividend is Monday, December 1st. Regions Financial’s dividend payout ratio is presently 46.70%.

Analyst Upgrades and Downgrades

RF has been the subject of a number of analyst reports. Barclays reissued an “underweight” rating and set a $27.00 price objective (up from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a research note on Wednesday, October 8th. DA Davidson raised their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Evercore ISI boosted their target price on Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Finally, Truist Financial dropped their price target on Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a report on Monday, October 20th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Regions Financial has an average rating of “Hold” and a consensus target price of $28.19.

Insider Transactions at Regions Financial

In related news, Director Roger W. Jenkins bought 4,000 shares of Regions Financial stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the acquisition, the director directly 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

Regions Financial 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.