Inceptionr LLC Acquires Shares of 45,278 Regions Financial Co. (NYSE:RF)

Inceptionr LLC acquired a new stake in Regions Financial Co. (NYSE:RF) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 45,278 shares of the bank’s stock, valued at approximately $1,065,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RF. Y.D. More Investments Ltd boosted its position in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Regions Financial in the 4th quarter worth $28,000. Truvestments Capital LLC bought a new position in shares of Regions Financial in the 3rd quarter worth $37,000. Legacy Investment Solutions LLC bought a new position in shares of Regions Financial in the 3rd quarter worth $37,000. Finally, Quarry LP boosted its position in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after purchasing an additional 394 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Price Performance

NYSE:RF opened at $21.92 on Friday. 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’s 50-day simple moving average is $23.93 and its 200 day simple moving average is $24.03. The company has a market cap of $19.84 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.93 and a beta of 1.20. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96.

Regions Financial (NYSE:RF) last released its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 12.83% and a net margin of 20.20%. Regions Financial’s quarterly revenue 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. As a group, sell-side analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler raised their price target on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Citigroup lifted their target price on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 target price (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Wells Fargo & Company lifted their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Finally, Truist Financial lifted their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

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.