Regions Financial Corporation $RF Shares Acquired by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC increased its stake in Regions Financial by 108.0% in Q4 to 675,296 shares, valuing the position at about $18.3 million (≈0.08% of the company).
• Regions announced a quarterly dividend of $0.265 (annualized $1.06), a ~3.8% yield, with record/ex-dividend date on June 1 and payment on July 1.
• The stock carries a consensus rating of "Hold" with an average price target of $30.12; the bank reported Q1 EPS of $0.62 (beating by $0.01), revenue up 5% year-over-year, and a market cap of about $24 billion (P/E 11.58).

Sanctuary Advisors LLC grew its holdings in Regions Financial Corporation (NYSE:RF - Free Report) by 108.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 675,296 shares of the bank's stock after purchasing an additional 350,599 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.08% of Regions Financial worth $18,301,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RF. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial in the second quarter valued at approximately $25,000. United Community Bank acquired a new stake in shares of Regions Financial in the third quarter valued at approximately $30,000. Salomon & Ludwin LLC purchased a new stake in shares of Regions Financial during the third quarter worth about $32,000. Spire Wealth Management grew its holdings in shares of Regions Financial by 91.5% during the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank's stock worth $32,000 after buying an additional 557 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Regions Financial by 260.4% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank's stock worth $32,000 after buying an additional 854 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RF. Morgan Stanley lowered their price target on shares of Regions Financial from $37.00 to $34.00 and set an "equal weight" rating for the company in a report on Tuesday, March 31st. Wells Fargo & Company downgraded shares of Regions Financial from an "equal weight" rating to an "underweight" rating and set a $30.00 price target for the company. in a report on Friday, January 16th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $31.00 price target on shares of Regions Financial in a report on Tuesday, January 20th. Truist Financial reiterated a "hold" rating and set a $30.00 price target on shares of Regions Financial in a report on Tuesday, April 21st. Finally, Piper Sandler lowered their price target on shares of Regions Financial from $31.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 30th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Regions Financial currently has a consensus rating of "Hold" and an average price target of $30.12.

Regions Financial Stock Performance

Shares of NYSE RF opened at $27.79 on Monday. Regions Financial Corporation has a 12 month low of $19.93 and a 12 month high of $31.53. The company has a 50-day simple moving average of $27.25 and a 200-day simple moving average of $26.87. The company has a market cap of $23.99 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80.

Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. Regions Financial's revenue was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Regions Financial Corporation will post 2.61 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, June 1st. Regions Financial's payout ratio is presently 44.17%.

About Regions Financial

Regions Financial Corporation NYSE: RF is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.

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