3,276 Shares in Regions Financial Co. (NYSE:RF) Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners acquired a new position in Regions Financial Co. (NYSE:RF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,276 shares of the bank’s stock, valued at approximately $63,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Regions Financial in the third quarter worth approximately $26,000. Sound Income Strategies LLC increased its position in shares of Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after acquiring an additional 750 shares during the last quarter. HM Payson & Co. increased its position in shares of Regions Financial by 2,000.0% during the third quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,000 shares during the last quarter. West Paces Advisors Inc. increased its position in shares of Regions Financial by 277.2% during the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,752 shares during the last quarter. Finally, Baker Avenue Asset Management LP increased its position in shares of Regions Financial by 69.4% during the third quarter. Baker Avenue Asset Management LP now owns 2,441 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,000 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

NYSE:RF opened at $19.19 on Tuesday. The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 1.37 and a beta of 1.21. Regions Financial Co. has a 52-week low of $13.72 and a 52-week high of $21.08. The stock has a fifty day moving average of $19.33 and a 200 day moving average of $18.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. Regions Financial’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. On average, research analysts expect that Regions Financial Co. will post 1.97 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 5.00%. Regions Financial’s payout ratio is 52.17%.

Analyst Upgrades and Downgrades

RF has been the subject of a number of research analyst reports. Truist Financial decreased their price target on Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Monday. Evercore ISI increased their price target on Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Barclays reissued an “underweight” rating and set a $22.00 price objective (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada increased their price objective on Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Regions Financial presently has a consensus rating of “Hold” and an average target price of $20.17.

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.