GAMMA Investing LLC Has $517,000 Stock Position in Regions Financial Co. (NYSE:RF)

GAMMA Investing LLC increased its stake in Regions Financial Co. (NYSE:RF) by 5.1% during the fourth quarter, HoldingsChannel reports. The firm owned 21,981 shares of the bank’s stock after acquiring an additional 1,072 shares during the period. GAMMA Investing LLC’s holdings in Regions Financial were worth $517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc increased its position in shares of Regions Financial by 53.8% in the fourth quarter. Versant Capital Management Inc now owns 3,425 shares of the bank’s stock worth $81,000 after acquiring an additional 1,198 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Regions Financial by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank’s stock worth $25,376,000 after purchasing an additional 34,125 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Regions Financial by 3.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,233 shares of the bank’s stock worth $403,000 after purchasing an additional 584 shares in the last quarter. Forthright Family Wealth Advisory LLC acquired a new stake in Regions Financial during the 3rd quarter valued at $181,000. Finally, Logan Capital Management Inc. purchased a new stake in shares of Regions Financial in the third quarter valued at $2,195,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Up 1.5 %

Shares of RF stock opened at $23.62 on Monday. The stock’s 50 day simple moving average is $25.20 and its 200 day simple moving average is $23.07. Regions Financial Co. has a twelve month low of $17.42 and a twelve month high of $27.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.64 and a beta of 1.21.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Regions Financial’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, research analysts predict that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Monday, December 2nd. Regions Financial’s dividend payout ratio is currently 56.50%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RF shares. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Tuesday, October 29th. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective 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. Finally, Piper Sandler increased their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Regions Financial presently has a consensus rating of “Moderate Buy” and an average price target of $27.61.

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.