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

WMG Financial Advisors LLC grew its holdings in Regions Financial Co. (NYSE:RF) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,943 shares of the bank’s stock after acquiring an additional 750 shares during the period. WMG Financial Advisors LLC’s holdings in Regions Financial were worth $1,292,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Y.D. More Investments Ltd boosted its holdings in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after acquiring an additional 634 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Regions Financial in the 4th quarter valued at $28,000. Truvestments Capital LLC purchased a new stake in shares of Regions Financial in the 3rd quarter valued at $37,000. Legacy Investment Solutions LLC purchased a new stake in shares of Regions Financial in the 3rd quarter valued at $37,000. Finally, Quarry LP boosted its holdings in Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after buying an additional 394 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RF shares. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Wells Fargo & Company increased their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Truist Financial increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Barclays increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Finally, Compass Point increased their price target on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Price Performance

Shares of NYSE RF opened at $23.12 on Tuesday. The firm has a 50-day simple moving average of $24.04 and a 200-day simple moving average of $24.05. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. 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 52 week low of $17.72 and a 52 week high of $27.96.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. On average, equities analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is 51.55%.

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.