Sun Sep 15 15:57:36 UTC 2024: ## HBK Sorce Advisory Boosts Stake in Regions Financial, Other Investors Follow Suit

**New York, NY (MarketBeat News)** – HBK Sorce Advisory LLC increased its stake in Regions Financial Co. (NYSE:RF) by 32% in the second quarter, according to the firm’s recent 13F filing with the Securities and Exchange Commission. This move is part of a broader trend of institutional investors adjusting their holdings in the bank.

HBK Sorce Advisory now owns 19,902 shares of Regions Financial, valued at $399,000. Other notable investors who have recently modified their positions in RF include Vanguard Group Inc., Bessemer Group Inc., Mizuho Markets Americas LLC, Public Employees Retirement Association of Colorado, and UniSuper Management Pty Ltd. Collectively, hedge funds and institutional investors own 79.39% of Regions Financial’s stock.

Analysts are also paying close attention to RF. Bank of America raised its target price to $25.00 and gave the stock a “neutral” rating, while Jefferies Financial Group increased its target price to $24.00 and issued a “buy” rating. Other analysts like Evercore ISI and Truist Financial have also adjusted their ratings and target prices. Overall, analysts have an average “Hold” rating for RF with a consensus target price of $21.51.

Regions Financial reported strong second-quarter earnings on July 19th, surpassing analysts’ expectations with $0.52 EPS. The bank’s revenue, however, fell short of estimates at $1.73 billion. The company also announced a quarterly dividend increase, raising it to $0.25 per share, a 4.55% yield.

Regions Financial, a financial holding company, provides banking services to individuals and businesses through its Corporate Bank, Consumer Bank, and Wealth Management segments. The company has a market cap of $20.11 billion and a P/E ratio of 11.94. The stock opened at $21.97 on Friday.

Investors seeking more information on hedge fund holdings and insider trades for Regions Financial can visit HoldingsChannel.com.

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