Regions Financial Co. (NYSE:RF) Position Reduced by Capital Square LLC

Capital Square LLC reduced its position in shares of Regions Financial Co. (NYSE:RF) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,085 shares of the bank’s stock after selling 900 shares during the quarter. Capital Square LLC’s holdings in Regions Financial were worth $305,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RF. Allspring Global Investments Holdings LLC boosted its position in shares of Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after purchasing an additional 1,014,706 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Regions Financial by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock valued at $285,562,000 after purchasing an additional 979,597 shares during the last quarter. Swedbank AB bought a new stake in Regions Financial during the first quarter worth approximately $19,322,000. Charles Schwab Investment Management Inc. grew its position in Regions Financial by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after buying an additional 816,226 shares during the last quarter. Finally, AE Wealth Management LLC grew its position in Regions Financial by 1,533.3% in the second quarter. AE Wealth Management LLC now owns 645,659 shares of the bank’s stock worth $12,939,000 after buying an additional 606,129 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Up 2.0 %

RF traded up $0.55 during trading on Monday, reaching $27.83. 509,632 shares of the stock traded hands, compared to its average volume of 7,896,641. The stock’s 50-day simple moving average is $24.05 and its two-hundred day simple moving average is $21.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a fifty-two week low of $15.79 and a fifty-two week high of $27.96. The stock has a market cap of $25.29 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.16.

Regions Financial (NYSE:RF) last announced its quarterly 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). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts expect that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.59%. Regions Financial’s dividend payout ratio (DPR) is 56.50%.

Analyst Ratings Changes

RF has been the subject of a number of recent research reports. Truist Financial increased their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Wedbush increased their price target on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $28.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.41.

Regions Financial Company 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.