Regions Financial Co. (NYSE:RF) Stake Increased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. Increases Stake in Regions Financial Co. (NYSE:RF)

J.W. Cole Advisors Inc. has recently boosted its stake in Regions Financial Co. (NYSE:RF) by 6.0% in the 1st quarter, according to the company’s latest Form 13F filing with the Securities & Exchange Commission. The fund now owns 25,359 shares of the bank’s stock, with a value of $534,000.

This increase in stake comes as a number of other hedge funds and institutional investors have also made modifications to their holdings of RF. Vanguard Group Inc. saw a 2.7% increase in its holdings, while Advisor Resource Council and abrdn plc acquired new positions in Regions Financial. Mizuho Markets Americas LLC and Public Employees Retirement Association of Colorado also saw growth in their positions.

Regions Financial’s stock performance has been closely watched, with shares opening at $19.51 on Friday. The company has a market capitalization of $17.87 billion and a PE ratio of 10.60. The company’s recent quarterly earnings report showed a $0.08 EPS miss compared to analysts’ estimates.

In addition to its financial performance, Regions Financial also announced a quarterly dividend, with a dividend yield of 4.92%. Insider activity has also been notable, with Director William C. Rhodes III acquiring shares and EVP William D. Ritter selling shares.

Analysts have set new price targets for Regions Financial, with a consensus rating of “Hold” and a target price of $20.39. The company’s profile highlights its focus on banking and bank-related services for individual and corporate customers.

For more information on Regions Financial and its latest developments, visit HoldingsChannel.com for the latest 13F filings and insider trades.