GC Wealth Management RIA LLC Sells 19,229 Shares of Regions Financial Corporation $RF

GC Wealth Management RIA LLC reduced its position in shares of Regions Financial Corporation (NYSE:RF) by 54.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,081 shares of the bank’s stock after selling 19,229 shares during the period. GC Wealth Management RIA LLC’s holdings in Regions Financial were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Keybank National Association OH grew its holdings in shares of Regions Financial by 13.5% during the fourth quarter. Keybank National Association OH now owns 19,699 shares of the bank’s stock worth $534,000 after purchasing an additional 2,348 shares during the last quarter. AMG National Trust Bank grew its holdings in shares of Regions Financial by 2.5% during the fourth quarter. AMG National Trust Bank now owns 77,183 shares of the bank’s stock worth $2,092,000 after purchasing an additional 1,873 shares during the last quarter. Vest Financial LLC bought a new stake in shares of Regions Financial during the fourth quarter worth about $15,325,000. Torren Management LLC bought a new stake in shares of Regions Financial during the fourth quarter worth about $105,000. Finally, Exencial Wealth Advisors LLC bought a new stake in shares of Regions Financial during the fourth quarter worth about $208,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Performance

Shares of RF stock opened at $28.21 on Friday. The business’s 50 day simple moving average is $27.13 and its 200 day simple moving average is $26.94. Regions Financial Corporation has a one year low of $20.55 and a one year high of $31.53. The stock has a market capitalization of $24.36 billion, a PE ratio of 11.75, a PEG ratio of 1.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, research analysts forecast that Regions Financial Corporation will post 2.61 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.265 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.8%. Regions Financial’s payout ratio is 44.17%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $31.00 target price on shares of Regions Financial in a report on Tuesday, January 20th. UBS Group reiterated a “neutral” rating and issued a $30.00 target price on shares of Regions Financial in a report on Wednesday, February 4th. Piper Sandler reduced their target price on Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. Finally, Morgan Stanley reduced their target price on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Regions Financial currently has an average rating of “Hold” and an average price target of $30.12.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.