Callan Family Office LLC Purchases Shares of 15,045 Regions Financial Co. (NYSE:RF)

Callan Family Office LLC purchased a new stake in Regions Financial Co. (NYSE:RF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,045 shares of the bank's stock, valued at approximately $354,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Inceptionr LLC purchased a new position in Regions Financial during the fourth quarter worth about $1,065,000. Raymond James Financial Inc. acquired a new stake in shares of Regions Financial during the 4th quarter worth approximately $31,480,000. Arizona State Retirement System raised its position in shares of Regions Financial by 1.3% during the 4th quarter. Arizona State Retirement System now owns 265,800 shares of the bank's stock valued at $6,252,000 after buying an additional 3,418 shares during the period. Verdence Capital Advisors LLC acquired a new position in Regions Financial in the fourth quarter valued at approximately $659,000. Finally, Aigen Investment Management LP purchased a new position in Regions Financial in the fourth quarter worth approximately $1,965,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RF. Citigroup upped their price target on Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Barclays boosted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Wells Fargo & Company increased their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. Piper Sandler boosted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Compass Point increased their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.67.

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Regions Financial Stock Up 1.1 %

Shares of Regions Financial stock traded up $0.24 on Wednesday, reaching $21.23. 5,829,171 shares of the company were exchanged, compared to its average volume of 7,459,987. The stock's 50 day moving average price is $23.81 and its 200-day moving average price is $24.05. 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 Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a market cap of $19.22 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

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 analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $0.39 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's dividend payout ratio is presently 51.55%.

Regions Financial 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.