Summit Trail Advisors LLC Purchases New Holdings in Regions Financial Co. (NYSE:RF)

Summit Trail Advisors LLC bought a new stake in shares of Regions Financial Co. (NYSE:RF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,648 shares of the bank’s stock, valued at approximately $278,000.

Several other large investors have also recently made changes to their positions in RF. Savant Capital LLC increased its position in Regions Financial by 7.4% during the 4th quarter. Savant Capital LLC now owns 64,039 shares of the bank’s stock valued at $1,506,000 after buying an additional 4,402 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Regions Financial by 2.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 149,286 shares of the bank’s stock worth $3,511,000 after acquiring an additional 3,978 shares during the last quarter. AlphaStar Capital Management LLC increased its holdings in shares of Regions Financial by 22.2% during the fourth quarter. AlphaStar Capital Management LLC now owns 17,779 shares of the bank’s stock valued at $418,000 after acquiring an additional 3,231 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Regions Financial in the 4th quarter worth about $2,024,000. Finally, Empowered Funds LLC boosted its stake in Regions Financial by 11.6% in the 4th quarter. Empowered Funds LLC now owns 17,874 shares of the bank’s stock worth $420,000 after purchasing an additional 1,857 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Trading Down 1.6 %

NYSE:RF opened at $23.99 on Thursday. Regions Financial Co. has a one year low of $17.61 and a one year high of $27.96. The business has a fifty day moving average price of $24.36 and a 200-day moving average price of $23.79. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.17%. Regions Financial’s dividend payout ratio is currently 51.55%.

Analysts Set New Price Targets

A number of research firms have weighed in on RF. Compass Point raised their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Citigroup raised their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Thursday, October 24th. DA Davidson boosted their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, 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 Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.67.

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.