Regions Financial Co. (NYSE:RF) Shares Purchased by Arlington Trust Co LLC

Arlington Trust Co LLC lifted its position in Regions Financial Co. (NYSE:RF) by 88.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,835 shares of the bank’s stock after acquiring an additional 1,333 shares during the period. Arlington Trust Co LLC’s holdings in Regions Financial were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in RF. Norges Bank acquired a new stake in shares of Regions Financial in the fourth quarter worth approximately $201,607,000. First Trust Advisors LP boosted its stake in shares of Regions Financial by 296.5% in the first quarter. First Trust Advisors LP now owns 10,552,656 shares of the bank’s stock worth $234,902,000 after acquiring an additional 7,891,037 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Regions Financial by 8.4% in the third quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock worth $925,780,000 after acquiring an additional 4,160,768 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Regions Financial by 162.1% in the third quarter. Bahl & Gaynor Inc. now owns 5,904,595 shares of the bank’s stock worth $101,559,000 after acquiring an additional 3,651,390 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Regions Financial in the second quarter worth approximately $53,327,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Price Performance

RF opened at $20.15 on Monday. The stock’s 50-day moving average price is $19.10 and its 200 day moving average price is $17.84. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $21.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 1.46 and a beta of 1.21.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company posted $0.67 EPS. Regions Financial’s revenue was down 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Regions Financial Co. will post 1.97 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.76%. The ex-dividend date was Thursday, February 29th. Regions Financial’s payout ratio is 45.93%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RF shares. StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Royal Bank of Canada upped their target price on Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Truist Financial upped their target price on Regions Financial from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday, April 1st. Barclays restated an “underweight” rating and issued a $22.00 target price (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Finally, Argus cut Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.39.

About Regions Financial

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.