SRS Capital Advisors Inc. Increases Position in Regions Financial Co. (NYSE:RF)

SRS Capital Advisors Inc. lifted its position in shares of Regions Financial Co. (NYSE:RF) by 745.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,294 shares of the bank’s stock after buying an additional 12,604 shares during the period. SRS Capital Advisors Inc.’s holdings in Regions Financial were worth $336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd lifted its stake in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after buying an additional 634 shares during the period. Sierra Ocean LLC purchased a new position in shares of Regions Financial during the fourth quarter valued at approximately $28,000. Truvestments Capital LLC purchased a new position in Regions Financial during the third quarter worth approximately $37,000. Legacy Investment Solutions LLC purchased a new position in Regions Financial during the third quarter worth approximately $37,000. Finally, Quarry LP raised its stake 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 purchasing an additional 394 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RF shares. Citigroup increased their price target on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Truist Financial increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Compass Point increased 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. Barclays increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group increased their price target on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Price Performance

RF opened at $23.12 on Tuesday. The company has a fifty day simple moving average of $24.04 and a 200 day simple moving average of $24.05. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.93 and a beta of 1.20. Regions Financial Co. has a twelve month low of $17.72 and a twelve month 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 0.37.

Regions Financial (NYSE:RF) last released its quarterly earnings results 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 business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. Equities research analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed 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 4.33%. The ex-dividend date is Monday, March 3rd. Regions Financial’s dividend payout ratio is currently 51.55%.

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.