Sanctuary Advisors LLC Raises Position in Regions Financial Co. (NYSE:RF)

Sanctuary Advisors LLC boosted its position in Regions Financial Co. (NYSE:RF - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 335,084 shares of the bank's stock after purchasing an additional 13,244 shares during the period. Sanctuary Advisors LLC's holdings in Regions Financial were worth $8,300,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd lifted its position in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after acquiring an additional 634 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Regions Financial in the fourth quarter worth $28,000. Truvestments Capital LLC bought a new position in shares of Regions Financial in the third quarter worth $37,000. Legacy Investment Solutions LLC bought a new position in shares of Regions Financial in the third quarter worth $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 purchasing an additional 394 shares during the period. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Down 2.8 %

Shares of RF traded down $0.67 on Friday, hitting $23.39. 9,066,371 shares of the stock traded hands, compared to its average volume of 6,679,576. The company has a market capitalization of $21.26 billion, a PE ratio of 12.06, a P/E/G ratio of 1.93 and a beta of 1.20. 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 has a 50 day simple moving average of $24.11 and a 200 day simple moving average of $23.92. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. As a group, equities analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.28%. The ex-dividend date is Monday, March 3rd. Regions Financial's dividend payout ratio is currently 51.55%.

Analyst Ratings Changes

A number of research analysts recently commented on RF shares. Wells Fargo & Company increased their target price on Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. Compass Point upped their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Truist Financial upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, January 21st. Barclays increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. Finally, 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 report on Tuesday, December 3rd. One 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. According to MarketBeat.com, Regions Financial has a consensus rating of "Moderate Buy" and a consensus price target 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.