Regions Financial Co. (NYSE:RF) Shares Purchased by WMG Financial Advisors LLC

WMG Financial Advisors LLC increased its position in shares of Regions Financial Co. (NYSE:RF) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 54,943 shares of the bank’s stock after acquiring an additional 750 shares during the quarter. WMG Financial Advisors LLC’s holdings in Regions Financial were worth $1,292,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Plato Investment Management Ltd increased its position in shares of Regions Financial by 14,601.9% during the fourth quarter. Plato Investment Management Ltd now owns 7,939 shares of the bank’s stock valued at $187,000 after acquiring an additional 7,885 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Regions Financial by 54.5% during the fourth quarter. Jones Financial Companies Lllp now owns 450,348 shares of the bank’s stock valued at $10,592,000 after acquiring an additional 158,829 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Regions Financial by 745.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 14,294 shares of the bank’s stock valued at $336,000 after acquiring an additional 12,604 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Regions Financial by 22.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,788 shares of the bank’s stock valued at $184,000 after acquiring an additional 1,428 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Regions Financial by 2.9% during the fourth quarter. Metis Global Partners LLC now owns 30,427 shares of the bank’s stock valued at $716,000 after acquiring an additional 859 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Down 2.5 %

Shares of Regions Financial stock opened at $23.12 on Tuesday. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The company has a 50 day moving average of $24.04 and a 200 day moving average of $24.05. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $20.93 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.93 and a beta of 1.20.

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

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.33%. Regions Financial’s payout ratio is currently 51.55%.

Analyst Ratings Changes

RF has been the subject of a number of recent analyst reports. Piper Sandler lifted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Truist Financial lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Barclays lifted their price target 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. Finally, The Goldman Sachs Group raised their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Company 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.