Summit Trail Advisors LLC Acquires Shares of 11,648 Regions Financial Co. (NYSE:RF)

Summit Trail Advisors LLC acquired a new stake in shares of Regions Financial Co. (NYSE:RF) in the fourth quarter, HoldingsChannel reports. The firm acquired 11,648 shares of the bank’s stock, valued at approximately $278,000.

Other large investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd grew its holdings in Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after buying an additional 634 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Regions Financial in the third quarter valued at $37,000. Legacy Investment Solutions LLC bought a new stake in Regions Financial in the third quarter worth $37,000. Quarry LP raised its stake in Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Regions Financial during the third quarter valued at $56,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Price Performance

Shares of RF stock opened at $23.99 on Thursday. The company has a market capitalization of $21.80 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.97 and a beta of 1.20. The company’s 50-day simple moving average is $24.36 and its two-hundred day simple moving average is $23.79. Regions Financial Co. has a one year low of $17.61 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last released 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 return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $0.39 EPS. Regions Financial’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.17%. Regions Financial’s payout ratio is currently 51.55%.

Analyst Ratings Changes

A number of analysts have recently weighed in on RF shares. Morgan Stanley restated 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. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective on the stock in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. The Goldman Sachs Group boosted their target price on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Wedbush raised their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One equities 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

About Regions Financial

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.