Sequoia Financial Advisors LLC Grows Holdings in Regions Financial Co. (NYSE:RF)

Sequoia Financial Advisors LLC increased its stake in shares of Regions Financial Co. (NYSE:RF) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,500 shares of the bank’s stock after buying an additional 4,233 shares during the period. Sequoia Financial Advisors LLC’s holdings in Regions Financial were worth $576,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RF. Quarry LP boosted its position in shares of Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after buying an additional 394 shares during the period. Ballentine Partners LLC lifted its stake in Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock worth $411,000 after acquiring an additional 420 shares in the last quarter. Prossimo Advisors LLC boosted its holdings in Regions Financial by 2.3% during the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank’s stock valued at $453,000 after acquiring an additional 430 shares during the period. Greenleaf Trust grew its position in Regions Financial by 1.8% in the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank’s stock valued at $573,000 after acquiring an additional 436 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its position in shares of Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank’s stock worth $456,000 after purchasing an additional 436 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analysts Set New Price Targets

RF has been the subject of a number of research reports. Compass Point lifted their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Citigroup reduced their price objective on Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Piper Sandler lifted their target price on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Truist Financial increased their price target on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of “Moderate Buy” and a consensus price target of $27.56.

Regions Financial Stock Up 0.5 %

RF opened at $21.54 on Tuesday. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market capitalization of $19.50 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The business’s 50-day simple moving average is $23.62 and its 200-day simple moving average is $24.00.

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

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio is currently 51.55%.

Insiders Place Their Bets

In other news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have acquired 4,523 shares of company stock valued at $102,269. Insiders own 0.29% of the company’s stock.

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.