Regions Financial Co. (NYSE:RF) Position Boosted by Beacon Capital Management LLC

Beacon Capital Management LLC boosted its position in Regions Financial Co. (NYSE:RF - Free Report) by 1,099.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,665 shares of the bank's stock after buying an additional 128,023 shares during the quarter. Regions Financial accounts for approximately 0.4% of Beacon Capital Management LLC's holdings, making the stock its 23rd biggest holding. Beacon Capital Management LLC's holdings in Regions Financial were worth $3,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RF. Citigroup Inc. increased its stake in shares of Regions Financial by 20.0% in the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank's stock worth $35,445,000 after buying an additional 253,708 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in Regions Financial during the 4th quarter worth $1,247,000. Nordea Investment Management AB increased its position in shares of Regions Financial by 60.4% in the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock worth $6,220,000 after purchasing an additional 99,115 shares during the last quarter. Commerce Bank raised its stake in shares of Regions Financial by 392.5% in the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank's stock valued at $5,793,000 after purchasing an additional 197,900 shares in the last quarter. Finally, Vest Financial LLC lifted its position in shares of Regions Financial by 20.4% during the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock worth $34,806,000 after purchasing an additional 250,729 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

Shares of NYSE:RF traded down $0.10 on Wednesday, hitting $24.57. The company's stock had a trading volume of 5,666,488 shares, compared to its average volume of 7,905,665. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The stock's 50-day moving average is $24.17 and its two-hundred day moving average is $23.88. 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 company has a market capitalization of $22.33 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20.

Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for 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% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. On average, equities research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Monday, March 3rd. Regions Financial's payout ratio is currently 51.55%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company boosted 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. Truist Financial boosted their price target on Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a report on Tuesday, January 21st. Morgan Stanley restated an "equal weight" rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Stephens upgraded shares of Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a research note on Tuesday, October 29th. Finally, Compass Point raised their price target on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.67.

About Regions Financial

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.