Aprio Wealth Management LLC Invests $1.25 Million in Regions Financial Co. (NYSE:RF)

Aprio Wealth Management LLC bought a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 53,012 shares of the bank's stock, valued at approximately $1,247,000.

Several other large investors also recently added to or reduced their stakes in RF. Quarry LP grew its position in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after purchasing an additional 394 shares during the last quarter. Private Advisor Group LLC raised its stake in Regions Financial by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock worth $581,000 after acquiring an additional 429 shares during the last quarter. CWM LLC lifted its position in Regions Financial by 1.1% during the 3rd quarter. CWM LLC now owns 42,346 shares of the bank's stock worth $988,000 after acquiring an additional 480 shares during the period. Resonant Capital Advisors LLC lifted its position in Regions Financial by 2.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank's stock worth $515,000 after acquiring an additional 506 shares during the period. Finally, Centaurus Financial Inc. grew its stake in Regions Financial by 5.9% during the 3rd quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank's stock valued at $228,000 after purchasing an additional 540 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RF has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. Citigroup boosted their target price on shares of Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised Regions Financial from a "hold" rating to a "buy" rating and increased their price target for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Keefe, Bruyette & Woods raised Regions Financial from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $27.00 to $28.00 in a report on Thursday, October 31st. Finally, Truist Financial raised Regions Financial to a "hold" rating in a report on Monday, January 6th. 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.67.

Regions Financial Price Performance

Shares of RF traded up $0.56 during mid-day trading on Monday, hitting $23.62. 9,145,065 shares of the company were exchanged, compared to its average volume of 8,333,538. The stock has a market cap of $21.47 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 2.61 and a beta of 1.21. Regions Financial Co. has a 1-year low of $17.42 and a 1-year high of $27.96. The company has a 50 day moving average of $25.18 and a 200-day moving average of $23.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

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

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.23%. Regions Financial's payout ratio is currently 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.