Regions Financial Co. (NYSE:RF) Shares Bought by Principal Securities Inc.

Principal Securities Inc. lifted its position in shares of Regions Financial Co. (NYSE:RF) by 34.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,675 shares of the bank’s stock after acquiring an additional 1,964 shares during the quarter. Principal Securities Inc.’s holdings in Regions Financial were worth $181,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd raised its position 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 worth $27,000 after acquiring an additional 634 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Regions Financial during the 3rd quarter worth $37,000. Legacy Investment Solutions LLC purchased a new position in shares of Regions Financial in the 3rd quarter valued at about $37,000. Quarry LP increased its holdings in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Regions Financial in the third quarter valued at about $56,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

Shares of RF opened at $23.44 on Tuesday. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The company’s 50 day simple moving average is $24.08 and its 200 day simple moving average is $23.96. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.93 and a beta of 1.20. 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 (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

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 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 yield of 4.27%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Analyst Ratings Changes

Several research analysts have weighed in on RF shares. Compass Point upped their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays upped their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. The Goldman Sachs Group lifted their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Citigroup upped their target price on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Truist Financial raised their price target on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.67.

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.