Signet Financial Management LLC Trims Stake in Regions Financial Co. (NYSE:RF)

Signet Financial Management LLC lessened its position in shares of Regions Financial Co. (NYSE:RF) by 7.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,114 shares of the bank’s stock after selling 942 shares during the quarter. Signet Financial Management LLC’s holdings in Regions Financial were worth $261,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RF. Acadian Asset Management LLC purchased a new position in shares of Regions Financial during the second quarter worth approximately $320,000. Thoroughbred Financial Services LLC grew its position in Regions Financial by 180.8% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 46,781 shares of the bank’s stock worth $937,000 after purchasing an additional 30,122 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Regions Financial by 70.3% in the second quarter. Brown Brothers Harriman & Co. now owns 35,111 shares of the bank’s stock valued at $704,000 after purchasing an additional 14,499 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Regions Financial by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock valued at $285,562,000 after buying an additional 979,597 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. acquired a new stake in shares of Regions Financial during the second quarter worth about $222,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

RF has been the topic of several recent research reports. Truist Financial upgraded Regions Financial to a “hold” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 29th. Finally, Evercore ISI lifted their target price on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Stock Up 2.4 %

Regions Financial stock opened at $23.62 on Tuesday. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 2.61 and a beta of 1.21. The stock’s fifty day moving average is $25.18 and its two-hundred day moving average is $23.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. Regions Financial’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Analysts predict that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.23%. Regions Financial’s dividend payout ratio is currently 56.50%.

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.