BXM Wealth LLC Takes $253,000 Position in Regions Financial Co. (NYSE:RF)

BXM Wealth LLC acquired a new position in shares of Regions Financial Co. (NYSE:RF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,750 shares of the bank’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vontobel Holding Ltd. raised its holdings in Regions Financial by 5.7% during the 4th quarter. Vontobel Holding Ltd. now owns 13,155 shares of the bank’s stock worth $309,000 after purchasing an additional 710 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Regions Financial by 1.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 360,509 shares of the bank’s stock worth $8,558,000 after buying an additional 3,825 shares during the period. Life Planning Partners Inc bought a new position in Regions Financial during the fourth quarter worth $125,000. Allspring Global Investments Holdings LLC boosted its position in Regions Financial by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank’s stock valued at $203,273,000 after acquiring an additional 112,885 shares during the last quarter. Finally, Kentucky Trust Co acquired a new stake in Regions Financial during the 4th quarter worth about $210,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Performance

NYSE:RF opened at $24.32 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The stock has a market cap of $22.10 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The firm’s fifty day simple moving average is $24.27 and its 200 day simple moving average is $23.80.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business posted $0.39 earnings per share. Regions Financial’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.11%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Wedbush boosted their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Finally, Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

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.