Regions Financial Co. (NYSE:RF) Shares Purchased by Main Street Research LLC

Main Street Research LLC boosted its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388,068 shares of the bank's stock after purchasing an additional 32,362 shares during the quarter. Regions Financial comprises 2.1% of Main Street Research LLC's holdings, making the stock its 25th largest holding. Main Street Research LLC owned 0.15% of Regions Financial worth $32,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP raised its stake 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 purchasing an additional 394 shares during the last quarter. Ballentine Partners LLC raised its position in Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after buying an additional 420 shares during the last quarter. Prossimo Advisors LLC lifted its stake in Regions Financial by 2.3% during the 4th 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 holdings in shares of Regions Financial by 1.8% in the 4th 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 last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of Regions Financial by 2.3% in the 4th 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 last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

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Regions Financial Stock Down 0.2 %

Shares of RF stock traded down $0.05 during trading hours on Wednesday, reaching $20.95. 3,236,179 shares of the stock were exchanged, compared to its average volume of 7,450,263. The business's fifty day moving average is $23.81 and its two-hundred day moving average is $24.05. The firm has a market capitalization of $18.96 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

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 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 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 revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. As a group, research analysts expect 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. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) is presently 51.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RF. Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. Piper Sandler raised their price objective 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. Citigroup boosted their target price on shares of Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Morgan Stanley restated an "equal weight" rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Finally, 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 research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Regions Financial presently has an average rating of "Moderate Buy" and an average 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.