Stevens Capital Management LP Raises Stock Position in Regions Financial Co. (NYSE:RF)

Stevens Capital Management LP grew its holdings in Regions Financial Co. (NYSE:RF) by 49.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,548 shares of the bank’s stock after acquiring an additional 5,154 shares during the period. Stevens Capital Management LP’s holdings in Regions Financial were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RF. Y.D. More Investments Ltd raised its stake in shares of Regions Financial by 122.9% in 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 during the period. Sierra Ocean LLC purchased a new position in shares of Regions Financial in the 4th quarter valued at $28,000. Picton Mahoney Asset Management raised its stake in shares of Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after acquiring an additional 1,201 shares during the period. Millstone Evans Group LLC purchased a new position in shares of Regions Financial in the 4th quarter valued at $32,000. Finally, Truvestments Capital LLC purchased a new position in shares of Regions Financial in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

RF has been the topic of several analyst reports. The Goldman Sachs Group lifted 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. Piper Sandler lifted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Citigroup dropped their price target on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Truist Financial dropped their price target on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Compass Point lifted 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 analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.44.

Insider Activity

In other news, Director Joia M. Johnson acquired 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders acquired 3,993 shares of company stock valued at $89,682. Company insiders own 0.29% of the company’s stock.

Regions Financial Trading Down 0.0 %

NYSE RF opened at $21.68 on Monday. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a 50-day simple moving average of $23.46 and a 200-day simple moving average of $23.96. 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 firm has a market capitalization of $19.63 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

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

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is presently 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.