Blueshift Asset Management LLC Invests $320,000 in Regions Financial Co. (NYSE:RF)

Blueshift Asset Management LLC acquired a new stake in Regions Financial Co. (NYSE:RF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,593 shares of the bank’s stock, valued at approximately $320,000.

Several other large investors have also recently modified their holdings of the business. Y.D. More Investments Ltd increased its holdings in Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC bought a new stake in shares of Regions Financial during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management boosted its position in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,201 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Regions Financial during the third quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in Regions Financial in the third quarter worth approximately $37,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of NYSE:RF opened at $21.68 on Friday. The company has a market capitalization of $19.63 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The company’s 50-day moving average is $23.46 and its 200 day moving average is $23.94.

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

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. Regions Financial’s dividend payout ratio is currently 51.55%.

Insider Transactions at Regions Financial

In other news, Director Joia M. Johnson purchased 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders purchased 3,993 shares of company stock valued at $89,682 over the last three months. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RF shares. Truist Financial dropped their target price on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday. Piper Sandler raised their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Citigroup decreased their target price on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Barclays raised their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. 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 report on Monday, December 9th. One research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.44.

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.