Handelsbanken Fonder AB Boosts Holdings in Regions Financial Co. (NYSE:RF)

Handelsbanken Fonder AB grew its position in Regions Financial Co. (NYSE:RF - Free Report) by 36.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,845 shares of the bank's stock after buying an additional 43,866 shares during the period. Handelsbanken Fonder AB's holdings in Regions Financial were worth $3,830,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd boosted 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 purchasing an additional 634 shares during the period. Sierra Ocean LLC purchased a new position in shares of Regions Financial during the 4th quarter worth approximately $28,000. Truvestments Capital LLC purchased a new position in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Legacy Investment Solutions LLC purchased a new position in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Finally, Quarry LP boosted 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 purchasing an additional 394 shares during the period. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RF. Barclays increased their price objective 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. Compass Point increased their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Citigroup increased their target price on shares of Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Truist Financial increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, January 21st. Finally, Piper Sandler increased their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.67.

Regions Financial Price Performance

Shares of RF opened at $23.39 on Monday. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The firm's fifty day simple moving average is $24.11 and its 200-day simple moving average is $23.95. The firm has a market capitalization of $21.26 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.93 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly 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 firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. Equities analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced 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 is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.28%. Regions Financial's dividend payout ratio (DPR) is presently 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.

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