Stieven Capital Advisors L.P. Reduces Stock Position in Regions Financial Corporation $RF

Stieven Capital Advisors L.P. lessened its holdings in Regions Financial Corporation (NYSE:RF) by 5.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 443,182 shares of the bank’s stock after selling 26,200 shares during the period. Regions Financial accounts for approximately 2.2% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 21st largest holding. Stieven Capital Advisors L.P.’s holdings in Regions Financial were worth $12,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RF. Empowered Funds LLC increased its stake in Regions Financial by 7.2% in the first quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock valued at $416,000 after acquiring an additional 1,278 shares during the last quarter. Woodline Partners LP increased its stake in Regions Financial by 40.7% in the first quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock valued at $1,669,000 after acquiring an additional 22,216 shares during the last quarter. Baird Financial Group Inc. increased its stake in Regions Financial by 0.7% in the second quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank’s stock valued at $1,687,000 after acquiring an additional 511 shares during the last quarter. Federated Hermes Inc. increased its stake in Regions Financial by 81.2% in the second quarter. Federated Hermes Inc. now owns 11,677 shares of the bank’s stock valued at $275,000 after acquiring an additional 5,233 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Regions Financial by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank’s stock valued at $3,320,000 after acquiring an additional 6,690 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Up 0.6%

Shares of NYSE:RF opened at $27.87 on Friday. The stock’s 50-day moving average price is $26.95 and its 200-day moving average price is $27.26. Regions Financial Corporation has a 12-month low of $20.79 and a 12-month high of $31.53. The stock has a market capitalization of $23.78 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.08 and a beta of 1.02. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Regions Financial Corporation will post 2.61 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors 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 dividend yield of 3.8%. Regions Financial’s dividend payout ratio (DPR) is presently 44.17%.

Analyst Ratings Changes

A number of research firms recently commented on RF. JPMorgan Chase & Co. reduced their target price on Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Truist Financial reissued a “hold” rating and issued a $30.00 target price on shares of Regions Financial in a research note on Tuesday, April 21st. Brean Capital began coverage on Regions Financial in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. 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 research note on Monday, March 30th. Finally, Royal Bank Of Canada increased their target price on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Regions Financial presently has an average rating of “Hold” and a consensus price target of $30.47.

Insider Activity

In related news, EVP Brian R. Willman sold 7,014 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

Regions Financial Profile

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.