Regions Financial Co. (NYSE:RF) Institutional Investors Increase Holdings
RFG Advisory LLC Increases Position in Regions Financial Co.
In a recent filing with the Securities & Exchange Commission, RFG Advisory LLC revealed that it has increased its position in shares of Regions Financial Co. (NYSE:RF) by 6.5% during the first quarter. The fund now owns 55,882 shares of the bank’s stock, worth $1,176,000 after buying an additional 3,391 shares.
This move comes as several other institutional investors have also been adjusting their stakes in Regions Financial. Nordea Investment Management AB, FMR LLC, LPL Financial LLC, Mariner LLC, and Stifel Financial Corp are among the investors who have recently added to or reduced their positions in the company.
Analysts have been closely monitoring Regions Financial, with Evercore ISI, Truist Financial, Piper Sandler, Morgan Stanley, and Keefe, Bruyette & Woods all issuing reports on the stock. The company currently has a consensus rating of “Hold” and an average price target of $20.34.
Regions Financial stock opened at $18.93 on Friday, with a market capitalization of $17.34 billion. The company recently announced its earnings results, reporting $0.37 earnings per share for the quarter.
Additionally, Regions Financial declared a quarterly dividend, with shareholders set to receive a $0.24 dividend on July 1st. Insider activity has also been notable, with EVP William D. Ritter selling shares and Director William C. Rhodes III purchasing shares.
Regions Financial Corporation provides banking and bank-related services to individual and corporate customers through its Corporate Bank, Consumer Bank, and Wealth Management segments.
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