MV Capital Management Inc. Has $89,000 Stock Position in Regions Financial Co. (NYSE:RF)

MV Capital Management Inc. increased its position in shares of Regions Financial Co. (NYSE:RF) by 158.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,782 shares of the bank’s stock after buying an additional 2,316 shares during the period. MV Capital Management Inc.’s holdings in Regions Financial were worth $89,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd raised its holdings in Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after acquiring an additional 634 shares during the period. Sierra Ocean LLC acquired a new position in Regions Financial in the fourth quarter valued at about $28,000. Picton Mahoney Asset Management lifted its holdings 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 worth $29,000 after acquiring an additional 1,201 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at $32,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Regions Financial in the 3rd quarter valued at $37,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Down 2.3 %

Shares of NYSE:RF opened at $21.42 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $23.25 and its 200 day moving average is $23.92. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The stock has a market cap of $19.39 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.93 and a beta of 1.19.

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, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. On average, sell-side analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.67%. The ex-dividend date is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup dropped their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Piper Sandler raised their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company reduced their target price on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday. Morgan Stanley reissued an “equal weight” rating and set a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and a consensus target price of $27.17.

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.