59,569 Shares in Regions Financial Co. (NYSE:RF) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Regions Financial Co. (NYSE:RF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 59,569 shares of the bank's stock, valued at approximately $1,401,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA acquired a new position in Regions Financial during the 4th quarter valued at about $225,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Regions Financial by 35.3% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 240,143 shares of the bank's stock valued at $5,648,000 after purchasing an additional 62,600 shares during the period. Howard Capital Management Inc. boosted its stake in Regions Financial by 10.7% during the 4th quarter. Howard Capital Management Inc. now owns 19,404 shares of the bank's stock valued at $456,000 after purchasing an additional 1,880 shares during the period. Allianz Asset Management GmbH boosted its stake in Regions Financial by 247.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,738,571 shares of the bank's stock valued at $40,891,000 after purchasing an additional 1,237,538 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in Regions Financial by 84.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 29,528 shares of the bank's stock valued at $694,000 after purchasing an additional 13,513 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Up 1.3 %

Regions Financial stock traded up $0.31 during trading hours on Friday, hitting $23.71. The company had a trading volume of 8,334,005 shares, compared to its average volume of 7,973,182. The firm has a market capitalization of $21.47 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. 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 firm's fifty day moving average is $24.06 and its 200-day moving average is $24.00. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96.

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 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 analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. On average, research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.22%. The ex-dividend date is Monday, March 3rd. Regions Financial's dividend payout ratio is 51.55%.

Analyst Ratings Changes

RF has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Wells Fargo & Company upped their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. Truist Financial upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a research note on Tuesday, January 21st. Barclays upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. Finally, Compass Point upped their price target 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.67.

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.