Simplicity Solutions LLC Sells 3,085 Shares of Regions Financial Co. (NYSE:RF)

Simplicity Solutions LLC lessened its holdings in shares of Regions Financial Co. (NYSE:RF) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,336 shares of the bank’s stock after selling 3,085 shares during the quarter. Simplicity Solutions LLC’s holdings in Regions Financial were worth $491,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Koshinski Asset Management Inc. bought a new stake in Regions Financial in the 4th quarter worth approximately $565,000. Vaughan David Investments LLC IL increased its stake in Regions Financial by 48.9% in the 4th quarter. Vaughan David Investments LLC IL now owns 2,470,891 shares of the bank’s stock worth $47,886,000 after acquiring an additional 811,174 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Regions Financial in the 4th quarter worth approximately $63,000. Meitav Investment House Ltd. increased its stake in Regions Financial by 6.5% in the 4th quarter. Meitav Investment House Ltd. now owns 14,794 shares of the bank’s stock worth $289,000 after acquiring an additional 902 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its stake in Regions Financial by 3.7% in the 4th quarter. Perigon Wealth Management LLC now owns 20,029 shares of the bank’s stock worth $388,000 after acquiring an additional 709 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of RF stock opened at $19.00 on Friday. Regions Financial Co. has a twelve month low of $13.72 and a twelve month high of $21.08. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 1.36 and a beta of 1.21. The stock has a fifty day simple moving average of $19.30 and a two-hundred day simple moving average of $17.97. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. Regions Financial’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, analysts predict that Regions Financial Co. will post 1.98 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Monday, June 3rd. Regions Financial’s dividend payout ratio (DPR) is currently 45.93%.

Wall Street Analysts Forecast Growth

RF has been the topic of several analyst reports. Citigroup raised Regions Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $23.00 in a research report on Monday, March 18th. Truist Financial boosted their target price on Regions Financial from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Monday, April 1st. Morgan Stanley boosted their target price on Regions Financial from $21.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Stephens reissued an “equal weight” rating and set a $21.00 target price on shares of Regions Financial in a research report on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.39.

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.