Regions Financial Co. (NYSE:RF) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in Regions Financial Co. (NYSE:RF) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,981 shares of the bank’s stock after purchasing an additional 1,072 shares during the quarter. GAMMA Investing LLC’s holdings in Regions Financial were worth $517,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc raised its position in shares of Regions Financial by 53.8% during the 4th quarter. Versant Capital Management Inc now owns 3,425 shares of the bank’s stock valued at $81,000 after acquiring an additional 1,198 shares in the last quarter. Principal Financial Group Inc. increased its stake in Regions Financial by 3.2% during the third quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank’s stock valued at $25,376,000 after purchasing an additional 34,125 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Regions Financial by 3.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,233 shares of the bank’s stock worth $403,000 after purchasing an additional 584 shares during the period. Forthright Family Wealth Advisory LLC bought a new position in shares of Regions Financial in the 3rd quarter worth about $181,000. Finally, Logan Capital Management Inc. acquired a new position in shares of Regions Financial in the 3rd quarter valued at about $2,195,000. Institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays raised their target price on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Wedbush raised their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Citigroup upped their price objective on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.61.

Regions Financial Stock Up 1.5 %

RF opened at $23.62 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market capitalization of $21.47 billion, a PE ratio of 13.34, a P/E/G ratio of 2.64 and a beta of 1.21. The stock’s fifty day moving average is $25.20 and its 200-day moving average is $23.07. Regions Financial Co. has a one year low of $17.42 and a one year high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. On average, equities analysts predict that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Dividend Announcement

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

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.