Kiker Wealth Management LLC Takes $313,000 Position in Regions Financial Co. (NYSE:RF)

Kiker Wealth Management LLC acquired a new stake in Regions Financial Co. (NYSE:RF) during the 4th quarter, Holdings Channel.com reports. The firm acquired 13,315 shares of the bank’s stock, valued at approximately $313,000.

Other large investors have also bought and sold shares of the company. Y.D. More Investments Ltd lifted 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 buying an additional 634 shares during the period. Sierra Ocean LLC acquired a new position in Regions Financial in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management lifted its holdings in Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after buying an additional 1,201 shares during the period. Truvestments Capital LLC acquired a new position in Regions Financial in the third quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in Regions Financial in the third quarter valued at approximately $37,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Down 0.4 %

Regions Financial stock opened at $21.66 on Friday. The company has a market cap of $19.62 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a fifty day simple moving average of $23.49 and a 200 day simple moving average of $23.95. 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 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 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 revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. Research analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm 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 yield of 4.62%. The ex-dividend date is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is currently 51.55%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Truist Financial increased their price objective 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. Barclays increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Compass Point increased their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group increased their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Regions Financial presently has a consensus rating of “Moderate Buy” and an average target price of $27.56.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders acquired 3,993 shares of company stock valued at $89,682. Corporate insiders own 0.29% of the company’s stock.

Regions Financial 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.