Beacon Capital Management LLC Buys 128,023 Shares of Regions Financial Co. (NYSE:RF)

Beacon Capital Management LLC boosted its stake in shares of Regions Financial Co. (NYSE:RF) by 1,099.7% in the fourth quarter, Holdings Channel reports. The firm owned 139,665 shares of the bank’s stock after acquiring an additional 128,023 shares during the period. Regions Financial comprises about 0.4% of Beacon Capital Management LLC’s holdings, making the stock its 23rd biggest position. Beacon Capital Management LLC’s holdings in Regions Financial were worth $3,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd boosted its position in shares of Regions Financial by 122.9% in the fourth 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 period. Truvestments Capital LLC bought a new stake in shares of Regions Financial in the third quarter valued at approximately $37,000. Legacy Investment Solutions LLC bought a new stake in shares of Regions Financial in the third quarter valued at approximately $37,000. Quarry LP boosted its position in shares of Regions Financial by 29.5% in the third 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 period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Regions Financial in the third quarter valued at approximately $56,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of RF stock opened at $24.32 on Friday. The stock’s fifty day moving average is $24.23 and its 200-day moving average is $23.82. 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 market capitalization of $22.10 billion, a PE ratio of 12.53, a PEG ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. Equities research analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is presently 51.55%.

Analyst Ratings Changes

RF has been the subject of several research reports. Compass Point increased their price objective on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley reissued 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. The Goldman Sachs Group upped their target price on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Citigroup upped their target price on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.