BHK Investment Advisors LLC Sells 10,208 Shares of Regions Financial Co. (NYSE:RF)

BHK Investment Advisors LLC reduced its position in Regions Financial Co. (NYSE:RF) by 22.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,547 shares of the bank’s stock after selling 10,208 shares during the quarter. Regions Financial accounts for about 0.3% of BHK Investment Advisors LLC’s holdings, making the stock its 29th largest holding. BHK Investment Advisors LLC’s holdings in Regions Financial were worth $836,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of RF. Y.D. More Investments Ltd raised its position in Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC bought a new position in shares of Regions Financial during the fourth quarter valued at about $28,000. Truvestments Capital LLC purchased a new position in shares of Regions Financial in the third quarter worth about $37,000. Legacy Investment Solutions LLC bought a new stake in shares of Regions Financial in the 3rd quarter valued at about $37,000. Finally, Quarry LP lifted its stake in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after acquiring an additional 394 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RF. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Tuesday, October 29th. Truist Financial raised their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. The Goldman Sachs Group upped their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company increased their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Finally, Barclays boosted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. One 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 MarketBeat.com, Regions Financial has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Stock Up 0.2 %

Shares of NYSE:RF opened at $23.44 on Tuesday. The firm has a market capitalization of $21.30 billion, a P/E ratio of 12.08, 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 stock has a 50 day moving average price of $24.08 and a 200-day moving average price of $23.96. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) 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 business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. Regions Financial’s dividend payout ratio (DPR) is currently 51.55%.

Regions Financial 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.