Machina Capital S.A.S. Invests $495,000 in Regions Financial Co. (NYSE:RF)

Machina Capital S.A.S. bought a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,056 shares of the bank's stock, valued at approximately $495,000.

Several other institutional investors also recently modified their holdings of RF. Y.D. More Investments Ltd grew its holdings in Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC acquired a new position in shares of Regions Financial in the 4th quarter valued at $28,000. Truvestments Capital LLC acquired a new stake in Regions Financial during the 3rd quarter worth $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial in the third quarter valued at about $37,000. Finally, Quarry LP increased its holdings in shares of 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 acquiring an additional 394 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, November 15th. Compass Point lifted their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Citigroup lowered their price objective on shares of Regions Financial from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday. Piper Sandler upped their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley restated an "equal weight" rating and issued a $32.00 price target (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.56.

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Regions Financial Stock Performance

NYSE RF traded up $0.10 on Wednesday, hitting $21.09. 11,286,506 shares of the stock traded hands, compared to its average volume of 7,481,066. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The business's fifty day moving average is $23.81 and its two-hundred day moving average is $24.05. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The firm has a market capitalization of $19.09 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data 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. The business 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 quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. As a group, equities analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.74%. Regions Financial's 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.