Bleakley Financial Group LLC Invests $383,000 in Regions Financial Co. (NYSE:RF)

Bleakley Financial Group LLC acquired a new position in Regions Financial Co. (NYSE:RF – Get Rating) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 17,743 shares of the bank’s stock, valued at approximately $383,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vaughan David Investments LLC IL increased its stake in Regions Financial by 2.2% during the fourth quarter. Vaughan David Investments LLC IL now owns 1,575,963 shares of the bank’s stock valued at $33,978,000 after acquiring an additional 33,727 shares during the period. Metis Global Partners LLC increased its stake in Regions Financial by 259.4% during the fourth quarter. Metis Global Partners LLC now owns 49,621 shares of the bank’s stock valued at $1,070,000 after acquiring an additional 35,815 shares during the period. LPL Financial LLC increased its stake in Regions Financial by 13.3% during the fourth quarter. LPL Financial LLC now owns 434,395 shares of the bank’s stock valued at $9,366,000 after acquiring an additional 50,932 shares during the period. MTM Investment Management LLC increased its stake in Regions Financial by 6.5% during the fourth quarter. MTM Investment Management LLC now owns 14,351 shares of the bank’s stock valued at $309,000 after acquiring an additional 870 shares during the period. Finally, IFP Advisors Inc increased its stake in Regions Financial by 6.8% during the fourth quarter. IFP Advisors Inc now owns 28,200 shares of the bank’s stock valued at $220,000 after acquiring an additional 1,797 shares during the period. 72.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RF has been the topic of several research reports. Jefferies Financial Group lowered Regions Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 9th. Truist Financial downgraded Regions Financial from a “buy” rating to a “hold” rating and decreased their price objective for the company from $21.00 to $20.00 in a report on Monday, April 24th. Morgan Stanley decreased their price objective on Regions Financial from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, April 5th. Wells Fargo & Company decreased their price objective on Regions Financial from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 3rd. Finally, Royal Bank of Canada decreased their price objective on Regions Financial from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, March 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $23.50.

Regions Financial Stock Up 5.0 %

NYSE:RF opened at $16.54 on Monday. The stock’s fifty day moving average price is $19.01 and its two-hundred day moving average price is $21.20. Regions Financial Co. has a 52-week low of $13.94 and a 52-week high of $24.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 0.65 and a beta of 1.18.

Regions Financial (NYSE:RF – Get Rating) last posted its quarterly earnings data on Friday, April 21st. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.03). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Regions Financial had a return on equity of 16.60% and a net margin of 28.61%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS. On average, analysts anticipate that Regions Financial Co. will post 2.39 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, June 1st. Regions Financial’s payout ratio is 34.19%.

Regions Financial Profile

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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, Wealth Management, and Other.