Regions Financial Co. (NYSE:RF) Shares Sold by Capital Square LLC

Capital Square LLC decreased its stake in Regions Financial Co. (NYSE:RF) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,085 shares of the bank’s stock after selling 900 shares during the period. Capital Square LLC’s holdings in Regions Financial were worth $305,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. EntryPoint Capital LLC purchased a new position in Regions Financial in the first quarter valued at about $26,000. 1832 Asset Management L.P. increased its stake in shares of Regions Financial by 2.2% in the first quarter. 1832 Asset Management L.P. now owns 116,701 shares of the bank’s stock worth $2,455,000 after buying an additional 2,520 shares during the last quarter. Ascent Group LLC boosted its stake in Regions Financial by 3.3% during the 1st quarter. Ascent Group LLC now owns 60,843 shares of the bank’s stock valued at $1,280,000 after acquiring an additional 1,955 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Regions Financial during the 1st quarter worth $2,281,000. Finally, California State Teachers Retirement System increased its position in shares of Regions Financial by 3.3% in the 1st quarter. California State Teachers Retirement System now owns 1,716,488 shares of the bank’s stock worth $36,115,000 after purchasing an additional 54,309 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analysts Set New Price Targets

RF has been the topic of several research analyst reports. Citigroup increased their price target on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $27.00 to $28.00 in a report on Thursday, October 31st. Wedbush boosted their price target on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Truist Financial raised their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, Morgan Stanley lifted their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.41.

Regions Financial Stock Performance

Shares of NYSE:RF traded up $0.55 during trading hours on Monday, hitting $27.83. The stock had a trading volume of 509,632 shares, compared to its average volume of 7,896,641. The stock’s fifty day simple moving average is $24.05 and its 200 day simple moving average is $21.85. The firm has a market capitalization of $25.29 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.83 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 1-year low of $15.79 and a 1-year high of $27.96.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. Sell-side analysts anticipate that Regions Financial Co. will post 2.12 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio is currently 56.50%.

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.