Regions Financial Co. (NYSE:RF) Stock Position Lifted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its position in shares of Regions Financial Co. (NYSE:RF) by 84.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,528 shares of the bank’s stock after buying an additional 13,513 shares during the period. Concurrent Investment Advisors LLC’s holdings in Regions Financial were worth $694,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Y.D. More Investments Ltd raised its stake in Regions Financial by 122.9% during 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 in the last quarter. Sierra Ocean LLC bought a new stake in Regions Financial during the 4th quarter valued at $28,000. Truvestments Capital LLC bought a new stake in Regions Financial during the 3rd quarter valued at $37,000. Legacy Investment Solutions LLC bought a new stake in Regions Financial during the 3rd quarter valued at $37,000. Finally, Quarry LP raised its stake in Regions Financial by 29.5% during 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 in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Down 2.8 %

NYSE:RF opened at $23.39 on Monday. The stock has a market cap of $21.26 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. 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. The stock’s 50-day moving average is $24.11 and its two-hundred day moving average is $23.95.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.28%. Regions Financial’s dividend payout ratio is 51.55%.

Analysts Set New Price Targets

RF has been the topic of several recent analyst reports. The Goldman Sachs Group lifted 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. Wells Fargo & Company lifted their price target on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Piper Sandler lifted their price target on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Barclays lifted their price target on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.