Xponance Inc. Raises Holdings in Regions Financial Co. (NYSE:RF)

Xponance Inc. increased its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 155,558 shares of the bank's stock after buying an additional 16,936 shares during the period. Xponance Inc.'s holdings in Regions Financial were worth $3,659,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd increased its holdings in shares of Regions Financial by 122.9% in the 4th 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 during the last quarter. Sierra Ocean LLC purchased a new position in Regions Financial in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management raised its stake in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after acquiring an additional 1,201 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Regions Financial during the 3rd quarter worth $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Regions Financial in the third quarter valued at $37,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

NYSE RF traded up $0.17 on Tuesday, hitting $22.44. 8,350,310 shares of the company's stock were exchanged, compared to its average volume of 7,460,876. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 1.93 and a beta of 1.19. The firm's 50-day moving average price is $23.44 and its two-hundred day moving average price is $23.95. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week 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.

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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, topping analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. Regions Financial's quarterly revenue was up .2% on a year-over-year basis. On average, research analysts expect that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) is 51.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Truist Financial cut their target price on Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday. Citigroup reduced their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday. The Goldman Sachs Group raised their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Morgan Stanley reiterated an "equal weight" rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Finally, Compass Point raised their price objective 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 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.28.

Insider Buying and Selling

In other news, Director Joia M. Johnson acquired 2,300 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have purchased 3,993 shares of company stock valued at $89,682. Corporate insiders own 0.29% of the company's stock.

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.