Carlson Capital L.P. Purchases New Holdings in Regions Financial Co. (NYSE:RF)

Carlson Capital L.P. acquired a new position in Regions Financial Co. (NYSE:RF - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,400 shares of the bank's stock, valued at approximately $503,000. Regions Financial accounts for approximately 0.3% of Carlson Capital L.P.'s portfolio, making the stock its 22nd biggest position.

Other hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd lifted its position in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after buying an additional 634 shares during the period. Sierra Ocean LLC bought a new position in shares of Regions Financial during the 4th quarter worth approximately $28,000. Truvestments Capital LLC bought a new position in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Legacy Investment Solutions LLC bought a new position in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Finally, Quarry LP lifted its position in shares of 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 buying an additional 394 shares during the period. Institutional investors own 79.39% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company raised their target price on Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. Morgan Stanley reaffirmed 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. Citigroup raised their price target on Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, November 21st. The Goldman Sachs Group raised their price target on Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Compass Point raised their price target on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. One equities 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 data from MarketBeat.com, Regions Financial currently has an average rating of "Moderate Buy" and a consensus price target of $27.67.

Regions Financial Trading Up 1.3 %

Shares of Regions Financial stock traded up $0.31 during trading on Friday, reaching $23.71. 8,334,005 shares of the company were exchanged, compared to its average volume of 7,973,182. 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 moving average price of $24.06 and a 200-day moving average price of $24.02. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.93 and a beta of 1.20.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. Sell-side analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.22%. 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.