Concurrent Investment Advisors LLC Buys 13,513 Shares of Regions Financial Co. (NYSE:RF)

Concurrent Investment Advisors LLC increased its stake in shares of Regions Financial Co. (NYSE:RF) by 84.4% during the fourth quarter, HoldingsChannel reports. The fund owned 29,528 shares of the bank’s stock after acquiring an additional 13,513 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Regions Financial were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd increased its position in Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after acquiring an additional 634 shares during the period. Sierra Ocean LLC bought a new position in Regions Financial during the fourth quarter worth $28,000. Truvestments Capital LLC bought a new position in Regions Financial during the third quarter worth $37,000. Legacy Investment Solutions LLC bought a new position in Regions Financial during the third quarter worth $37,000. Finally, Quarry LP increased its position in 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 acquiring an additional 394 shares during the period. Institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on RF. Wells Fargo & Company boosted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Truist Financial boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Stock Down 2.8 %

Shares of NYSE RF opened at $23.39 on Monday. The firm’s 50-day simple moving average is $24.11 and its 200 day simple moving average is $23.95. The company has a market cap of $21.26 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96.

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

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.28%. Regions Financial’s dividend payout ratio (DPR) is 51.55%.

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.