Sage Investment Counsel LLC Buys Shares of 12,389 Regions Financial Co. (NYSE:RF)

Sage Investment Counsel LLC purchased a new position in Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,389 shares of the bank's stock, valued at approximately $291,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd lifted its position in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after acquiring an additional 634 shares in the last quarter. Sierra Ocean LLC acquired a new position in Regions Financial in the 4th quarter valued at $28,000. Truvestments Capital LLC purchased a new position in Regions Financial in the 3rd quarter valued at $37,000. Legacy Investment Solutions LLC acquired a new stake in Regions Financial during the 3rd quarter worth $37,000. Finally, Quarry LP boosted its stake in 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 last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, November 15th. Truist Financial upped their target price 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 reiterated an "equal weight" rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. 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 report on Tuesday, December 3rd. Finally, Compass Point lifted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research note 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.67.

Regions Financial Stock Performance

Shares of Regions Financial stock traded down $0.03 during trading hours on Monday, reaching $23.43. The company's stock had a trading volume of 2,657,160 shares, compared to its average volume of 7,834,931. 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's 50 day simple moving average is $24.06 and its 200 day simple moving average is $24.04. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The stock has a market cap of $21.22 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

Regions Financial (NYSE:RF - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS. As a group, analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 4.27%. Regions Financial's dividend payout ratio 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.