Valeo Financial Advisors LLC Has $368,000 Stock Position in Regions Financial Co. (NYSE:RF)

Valeo Financial Advisors LLC decreased its holdings in shares of Regions Financial Co. (NYSE:RF) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,007 shares of the bank’s stock after selling 1,897 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Regions Financial were worth $368,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Regions Financial by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 114,585,518 shares of the bank’s stock valued at $1,970,871,000 after buying an additional 2,982,310 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Regions Financial by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock valued at $925,780,000 after purchasing an additional 4,160,768 shares during the period. State Street Corp boosted its holdings in Regions Financial by 0.4% in the 1st quarter. State Street Corp now owns 50,312,924 shares of the bank’s stock valued at $943,529,000 after purchasing an additional 189,323 shares during the period. Morgan Stanley boosted its holdings in Regions Financial by 16.1% in the 4th quarter. Morgan Stanley now owns 20,189,021 shares of the bank’s stock valued at $435,275,000 after purchasing an additional 2,802,291 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Regions Financial by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,169,876 shares of the bank’s stock valued at $346,922,000 after purchasing an additional 618,384 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Down 1.1 %

RF opened at $19.19 on Monday. 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 stock has a market capitalization of $17.63 billion, a PE ratio of 9.18, a PEG ratio of 1.38 and a beta of 1.21. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.08. The firm has a 50-day moving average price of $19.21 and a two-hundred day moving average price of $17.93.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.09). The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. As a group, equities analysts anticipate that Regions Financial Co. will post 1.98 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.00%. The ex-dividend date was Thursday, February 29th. Regions Financial’s payout ratio is presently 45.93%.

Analysts Set New Price Targets

A number of analysts have weighed in on RF shares. Citigroup raised shares of Regions Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $20.00 to $23.00 in a report on Monday, March 18th. Truist Financial increased their price target on shares of Regions Financial from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday, April 1st. Stephens reissued an “equal weight” rating and issued a $21.00 price target on shares of Regions Financial in a report on Tuesday, January 23rd. Argus downgraded shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Barclays reaffirmed an “underweight” rating and set a $22.00 price objective (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.39.

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.