Truvestments Capital LLC Purchases New Position in Regions Financial Co. (NYSE:RF)

Truvestments Capital LLC bought a new stake in shares of Regions Financial Co. (NYSE:RF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,597 shares of the bank’s stock, valued at approximately $37,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in shares of Regions Financial in the 1st quarter worth approximately $26,000. California State Teachers Retirement System boosted its position in Regions Financial by 3.3% during the 1st quarter. California State Teachers Retirement System now owns 1,716,488 shares of the bank’s stock valued at $36,115,000 after acquiring an additional 54,309 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Regions Financial by 7.6% in the 1st quarter. Tidal Investments LLC now owns 104,771 shares of the bank’s stock valued at $2,204,000 after acquiring an additional 7,422 shares during the period. Swedbank AB bought a new position in shares of Regions Financial in the 1st quarter worth $19,322,000. Finally, PGGM Investments purchased a new stake in shares of Regions Financial during the 1st quarter worth $179,000. 79.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

RF has been the subject of a number of recent research reports. Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays raised their target price on shares of Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Truist Financial increased their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Monday, October 21st. Finally, DA Davidson raised their price objective on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial has an average rating of “Moderate Buy” and an average target price of $26.71.

Regions Financial Stock Down 0.2 %

NYSE RF opened at $27.26 on Thursday. Regions Financial Co. has a 52 week low of $15.82 and a 52 week high of $27.96. The firm has a market cap of $24.78 billion, a PE ratio of 15.40, a P/E/G ratio of 2.85 and a beta of 1.16. The business’s fifty day simple moving average is $24.34 and its 200-day simple moving average is $22.00. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. Regions Financial’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. As a group, equities analysts anticipate that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.67%. Regions Financial’s payout ratio is presently 56.50%.

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.