Fortress Financial Group LLC Makes New Investment in Regions Financial Co. (NYSE:RF)

Fortress Financial Group LLC acquired a new stake in Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,947 shares of the bank's stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp raised 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 purchasing an additional 7,791,399 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 816,226 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Regions Financial by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank's stock valued at $526,118,000 after purchasing an additional 315,605 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Regions Financial by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank's stock valued at $203,273,000 after purchasing an additional 112,885 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Regions Financial by 0.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,226,353 shares of the bank's stock valued at $191,921,000 after purchasing an additional 61,426 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Regions Financial stock traded up $0.12 during trading on Monday, reaching $23.58. The company had a trading volume of 1,367,881 shares, compared to its average volume of 7,799,528. The firm's 50-day simple moving average is $24.06 and its 200 day simple moving average is $24.04. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The firm has a market capitalization of $21.35 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. 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 released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (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 firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the company earned $0.39 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

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 paid 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 yield of 4.24%. Regions Financial's dividend payout ratio (DPR) is presently 51.55%.

Wall Street Analyst Weigh In

RF has been the subject of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Barclays raised their price target 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. Wells Fargo & Company raised their price target 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. Truist Financial raised their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, January 21st. Finally, Piper Sandler raised their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock 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.