Regions Financial Co. (NYSE:RF) Stock Position Raised by Fortem Financial Group LLC

Fortem Financial Group LLC lifted its position in Regions Financial Co. (NYSE:RF) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,477 shares of the bank’s stock after buying an additional 700 shares during the quarter. Fortem Financial Group LLC’s holdings in Regions Financial were worth $670,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RF. Nordea Investment Management AB increased its stake in shares of Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock worth $6,220,000 after purchasing an additional 99,115 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Regions Financial by 5.1% in the fourth quarter. GAMMA Investing LLC now owns 21,981 shares of the bank’s stock worth $517,000 after purchasing an additional 1,072 shares in the last quarter. Versant Capital Management Inc increased its position in Regions Financial by 53.8% during the fourth quarter. Versant Capital Management Inc now owns 3,425 shares of the bank’s stock worth $81,000 after buying an additional 1,198 shares during the last quarter. Principal Financial Group Inc. increased its position in Regions Financial by 3.2% during the third quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank’s stock worth $25,376,000 after buying an additional 34,125 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Regions Financial by 3.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,233 shares of the bank’s stock worth $403,000 after buying an additional 584 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RF. Truist Financial increased their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Monday, October 21st. 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. The Goldman Sachs Group upped their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Compass Point lifted their target price 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. Finally, Citigroup raised their price target on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Price Performance

NYSE RF traded up $0.26 on Monday, reaching $23.88. The company’s stock had a trading volume of 6,664,970 shares, compared to its average volume of 7,492,701. The firm has a market cap of $21.70 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. Regions Financial Co. has a 52 week low of $17.42 and a 52 week high of $27.96. The business has a 50-day moving average price of $25.20 and a 200 day moving average price of $23.07.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. Sell-side analysts expect that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.19%. Regions Financial’s payout ratio is presently 56.50%.

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.