86,048 Shares in Regions Financial Co. (NYSE:RF) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new position in Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 86,048 shares of the bank's stock, valued at approximately $2,024,000.

Several other hedge funds also recently made changes to their positions in the company. Citigroup Inc. boosted its holdings in Regions Financial by 20.0% in the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank's stock valued at $35,445,000 after acquiring an additional 253,708 shares in the last quarter. Aprio Wealth Management LLC bought a new stake in Regions Financial in the fourth quarter valued at $1,247,000. Nordea Investment Management AB boosted its holdings in Regions Financial by 60.4% in the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock valued at $6,220,000 after acquiring an additional 99,115 shares in the last quarter. Commerce Bank boosted its holdings in Regions Financial by 392.5% in the third quarter. Commerce Bank now owns 248,325 shares of the bank's stock valued at $5,793,000 after acquiring an additional 197,900 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in Regions Financial by 20.4% in the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock valued at $34,806,000 after acquiring an additional 250,729 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RF. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $24.00 to $26.00 in a report on Thursday, October 24th. Wells Fargo & Company lifted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, November 15th. Argus upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 price target on the stock in a report on Thursday, October 24th. DA Davidson boosted their target price on shares of Regions Financial from $27.00 to $29.00 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, Morgan Stanley restated an "equal weight" rating and set a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. One 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. According to data from MarketBeat, Regions Financial currently has a consensus rating of "Moderate Buy" and an average price target of $27.67.

Regions Financial Stock Performance

Shares of RF stock traded up $0.04 during trading hours on Thursday, reaching $24.03. The company had a trading volume of 5,623,511 shares, compared to its average volume of 7,966,494. The firm has a market cap of $21.84 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The business has a fifty day moving average price of $24.31 and a 200-day moving average price of $23.79. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. Sell-side analysts predict that Regions Financial Co. will post 2.26 earnings per share 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.16%. Regions Financial's payout ratio 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.