Edgestream Partners L.P. Has $4.51 Million Position in Regions Financial Co. (NYSE:RF)

Edgestream Partners L.P. lifted its stake in Regions Financial Co. (NYSE:RF - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 191,882 shares of the bank's stock after buying an additional 39,095 shares during the period. Edgestream Partners L.P.'s holdings in Regions Financial were worth $4,513,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd lifted its holdings 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 acquiring an additional 634 shares during the period. Sierra Ocean LLC acquired a new position in Regions Financial during the fourth quarter worth $28,000. Truvestments Capital LLC bought a new position in shares of Regions Financial during the third quarter valued at $37,000. Legacy Investment Solutions LLC acquired a new stake in shares of Regions Financial in the 3rd quarter valued at $37,000. Finally, Quarry LP grew its holdings in shares of Regions Financial by 29.5% in 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. 79.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RF has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, November 15th. The Goldman Sachs Group increased their price target on Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Barclays lifted their price objective on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research report on Monday, January 6th. Piper Sandler increased their target price on Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Finally, Citigroup cut their price target on Regions Financial from $30.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.56.

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Regions Financial Trading Up 0.5 %

Shares of Regions Financial stock traded up $0.10 on Wednesday, hitting $21.09. 9,542,629 shares of the company's stock traded hands, compared to its average volume of 7,481,064. The firm's 50-day moving average price is $23.81 and its two-hundred 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. The stock has a market capitalization of $19.09 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last released 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 return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm's revenue was up .2% on a year-over-year basis. On average, research analysts expect 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. Investors of record on Monday, March 3rd will be given 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 4.74%. Regions Financial's dividend payout ratio is 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.