SRS Capital Advisors Inc. Buys 12,604 Shares of Regions Financial Co. (NYSE:RF)

SRS Capital Advisors Inc. lifted its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 745.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,294 shares of the bank's stock after acquiring an additional 12,604 shares during the quarter. SRS Capital Advisors Inc.'s holdings in Regions Financial were worth $336,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Regions Financial by 22.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,788 shares of the bank's stock valued at $184,000 after buying an additional 1,428 shares during the last quarter. Metis Global Partners LLC boosted its position in Regions Financial by 2.9% during the fourth quarter. Metis Global Partners LLC now owns 30,427 shares of the bank's stock worth $716,000 after purchasing an additional 859 shares during the period. Sage Investment Counsel LLC bought a new position in Regions Financial during the fourth quarter worth about $291,000. SVB Wealth LLC purchased a new position in shares of Regions Financial in the fourth quarter worth about $881,000. Finally, Fortress Financial Group LLC bought a new stake in shares of Regions Financial in the fourth quarter valued at approximately $277,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 0.7 %

NYSE RF traded up $0.15 during mid-day trading on Friday, reaching $22.10. The stock had a trading volume of 10,445,719 shares, compared to its average volume of 7,452,710. The stock has a market cap of $20.01 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 1 year low of $17.72 and a 1 year 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. The company has a fifty day moving average price of $23.93 and a 200 day moving average price of $24.03.

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Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's payout ratio is currently 51.55%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price objective 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. Morgan Stanley reiterated an "equal weight" rating and issued a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Compass Point boosted 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. Finally, The Goldman Sachs Group increased their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. 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, the company currently has a consensus 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.