Inceptionr LLC Buys Shares of 45,278 Regions Financial Co. (NYSE:RF)

Inceptionr LLC purchased a new position in Regions Financial Co. (NYSE:RF - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 45,278 shares of the bank's stock, valued at approximately $1,065,000.

A number of other hedge funds have also bought and sold shares of the company. Quarry LP grew its stake in Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after purchasing an additional 394 shares in the last quarter. Ballentine Partners LLC boosted its stake in Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after acquiring an additional 420 shares during the period. Prossimo Advisors LLC boosted its stake in Regions Financial by 2.3% in the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after acquiring an additional 430 shares during the period. Greenleaf Trust boosted its stake in Regions Financial by 1.8% in the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after acquiring an additional 436 shares during the period. Finally, Lake Street Advisors Group LLC boosted its stake in Regions Financial by 2.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock valued at $456,000 after acquiring an additional 436 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RF has been the subject of a number of research reports. Compass Point lifted their target price on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Citigroup lifted their target price on Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Truist Financial lifted their target price on Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, January 21st. Piper Sandler lifted their target price on Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their price objective 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.67.

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Regions Financial Price Performance

NYSE:RF traded up $0.15 during midday trading on Friday, hitting $22.10. 10,446,555 shares of the stock were exchanged, compared to its average volume of 7,434,354. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a market capitalization of $20.01 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 1.93 and a beta of 1.19. The business has a 50-day moving average price of $23.90 and a two-hundred day moving average price of $24.05. 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 posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm's revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. Sell-side analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 annualized dividend and a dividend yield of 4.53%. Regions Financial's dividend payout ratio is currently 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.