Huber Capital Management LLC Has $6.63 Million Position in Regions Financial Co. (NYSE:RF)

Huber Capital Management LLC grew its holdings in Regions Financial Co. (NYSE:RF) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,845 shares of the bank’s stock after purchasing an additional 50,600 shares during the quarter. Regions Financial comprises about 1.3% of Huber Capital Management LLC’s portfolio, making the stock its 28th biggest position. Huber Capital Management LLC’s holdings in Regions Financial were worth $6,629,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Quarry LP boosted its position in shares of Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after purchasing an additional 394 shares in the last quarter. Ballentine Partners LLC grew its stake in Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock valued at $411,000 after acquiring an additional 420 shares during the period. Prossimo Advisors LLC increased its holdings in shares of Regions Financial by 2.3% during the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank’s stock valued at $453,000 after acquiring an additional 430 shares in the last quarter. Greenleaf Trust raised its position in shares of Regions Financial by 1.8% during the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank’s stock worth $573,000 after purchasing an additional 436 shares during the period. Finally, Lake Street Advisors Group LLC lifted its holdings in shares of Regions Financial by 2.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank’s stock worth $456,000 after purchasing an additional 436 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RF. Truist Financial lowered their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Barclays upped their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Wells Fargo & Company decreased their price objective on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. Finally, Compass Point increased their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.17.

Regions Financial Trading Up 2.1 %

Shares of Regions Financial stock opened at $22.03 on Thursday. The company has a 50 day simple moving average of $23.09 and a two-hundred day simple moving average of $23.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market cap of $19.95 billion, a PE ratio of 11.36, a PEG ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96.

Regions Financial (NYSE:RF) last released its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.54%. Regions Financial’s dividend payout ratio is currently 51.55%.

Insider Activity

In other news, Director Joia M. Johnson purchased 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares of the company’s stock, valued at $370,353.48. This represents a 15.15 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders purchased 3,868 shares of company stock valued at $86,722. Insiders own 0.29% of the company’s stock.

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.