Regions Financial Co. (NYSE:RF) Holdings Lifted by Fortem Financial Group LLC

Fortem Financial Group LLC grew its holdings in shares of Regions Financial Co. (NYSE:RF) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,477 shares of the bank’s stock after buying an additional 700 shares during the period. Fortem Financial Group LLC’s holdings in Regions Financial were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RF. American National Bank & Trust raised its stake in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP raised its stake in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Regions Financial in the third quarter worth about $37,000. Legacy Investment Solutions LLC acquired a new stake in Regions Financial in the third quarter worth about $37,000. Finally, Benjamin Edwards Inc. grew its position in Regions Financial by 47.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,027 shares of the bank’s stock valued at $41,000 after buying an additional 648 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RF shares. Compass Point upped 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. Truist Financial upped their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Citigroup lifted their price target on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Piper Sandler upped their price objective on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Wedbush raised their target price on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Regions Financial presently has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Stock Up 1.1 %

NYSE:RF traded up $0.26 during trading hours on Monday, hitting $23.88. 6,664,970 shares of the stock traded hands, compared to its average volume of 7,492,701. The firm has a 50 day moving average price of $25.20 and a 200 day moving average price of $23.07. The firm has a market cap of $21.70 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 2.64 and a beta of 1.21. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35.

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

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Monday, December 2nd. Regions Financial’s payout ratio is presently 56.50%.

About Regions Financial

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.