Syon Capital LLC Has $494,000 Holdings in Regions Financial Co. (NYSE:RF)

Syon Capital LLC boosted its position in Regions Financial Co. (NYSE:RF) by 20.6% in the 4th quarter, HoldingsChannel reports. The firm owned 25,497 shares of the bank’s stock after acquiring an additional 4,362 shares during the period. Syon Capital LLC’s holdings in Regions Financial were worth $494,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Regions Financial during the 3rd quarter worth about $26,000. Sound Income Strategies LLC grew its position in Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after buying an additional 750 shares in the last quarter. HM Payson & Co. increased its position in shares of Regions Financial by 2,000.0% in the third quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock worth $36,000 after purchasing an additional 2,000 shares during the period. West Paces Advisors Inc. grew its stake in Regions Financial by 277.2% during the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock worth $41,000 after buying an additional 1,752 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its stake in Regions Financial by 69.4% in the third quarter. Baker Avenue Asset Management LP now owns 2,441 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,000 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director William C. Rhodes III bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at $968,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by insiders.

Regions Financial Trading Up 0.1 %

NYSE RF opened at $19.62 on Friday. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $21.08. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $18.03 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The business’s 50-day moving average price is $19.43 and its two-hundred day moving average price is $18.09.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the company earned $0.62 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis. On average, analysts expect that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Friday, May 31st. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RF shares. Truist Financial dropped their price objective on Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Evercore ISI lifted their price target on shares of Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Argus cut shares of Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods raised their target price on shares of Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada boosted their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.34.

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.