BXM Wealth LLC Buys Shares of 10,750 Regions Financial Co. (NYSE:RF)

BXM Wealth LLC acquired a new stake in Regions Financial Co. (NYSE:RF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,750 shares of the bank's stock, valued at approximately $253,000.

Other large investors also recently modified their holdings of the company. State Street Corp grew its position in shares of Regions Financial by 16.3% in the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank's stock valued at $1,306,813,000 after buying an additional 7,791,399 shares during the last quarter. National Bank of Canada FI grew its position in shares of Regions Financial by 575.8% in the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank's stock valued at $39,784,000 after buying an additional 1,452,956 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Regions Financial by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank's stock valued at $201,238,000 after buying an additional 1,014,706 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Regions Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank's stock valued at $648,269,000 after buying an additional 816,226 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Regions Financial in the 3rd quarter valued at $17,589,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Shares of NYSE RF traded down $0.10 during midday trading on Wednesday, hitting $24.57. The company had a trading volume of 5,666,488 shares, compared to its average volume of 7,905,665. 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 twelve month low of $17.72 and a twelve month high of $27.96. The business has a 50-day simple moving average of $24.17 and a two-hundred day simple moving average of $23.88. The firm has a market capitalization of $22.33 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the business earned $0.39 earnings per share. The business's revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.07%. Regions Financial's dividend payout ratio (DPR) is currently 51.55%.

Wall Street Analyst Weigh In

A number of research firms recently commented on RF. Compass Point increased their target price on shares of Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Argus raised shares of Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 price objective on the stock in a research report on Thursday, October 24th. Morgan Stanley reissued an "equal weight" rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Wells Fargo & Company raised their price objective 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. Finally, Barclays raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.67.

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.