Sapient Capital LLC Takes Position in Regions Financial Co. (NYSE:RF)

Sapient Capital LLC acquired a new stake in Regions Financial Co. (NYSE:RF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 54,146 shares of the bank's stock, valued at approximately $1,062,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RF. Commonwealth Equity Services LLC boosted its stake in Regions Financial by 8.1% in the third quarter. Commonwealth Equity Services LLC now owns 201,822 shares of the bank's stock valued at $3,471,000 after acquiring an additional 15,167 shares during the last quarter. Raymond James & Associates raised its holdings in Regions Financial by 12.9% in the third quarter. Raymond James & Associates now owns 1,110,650 shares of the bank's stock worth $19,103,000 after purchasing an additional 127,311 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Regions Financial by 1.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 362,946 shares of the bank's stock worth $6,243,000 after purchasing an additional 3,631 shares during the period. Independent Advisor Alliance raised its holdings in Regions Financial by 15.1% in the third quarter. Independent Advisor Alliance now owns 42,296 shares of the bank's stock worth $727,000 after purchasing an additional 5,546 shares during the period. Finally, Forsta AP Fonden raised its holdings in Regions Financial by 15.5% in the third quarter. Forsta AP Fonden now owns 245,000 shares of the bank's stock worth $4,214,000 after purchasing an additional 32,900 shares during the period. 79.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Citigroup upgraded shares of Regions Financial from a "neutral" rating to a "buy" rating and increased their target price for the stock from $20.00 to $23.00 in a report on Monday, March 18th. Piper Sandler increased their target price on shares of Regions Financial from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday, April 26th. Truist Financial cut their target price on shares of Regions Financial from $22.00 to $20.00 and set a "hold" rating on the stock in a report on Monday, April 22nd. Argus lowered shares of Regions Financial from a "buy" rating to a "hold" rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada raised their price objective on shares of Regions Financial from $19.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.34.

Regions Financial Stock Up 0.8 %

RF stock traded up $0.16 during midday trading on Friday, hitting $19.80. The company's stock had a trading volume of 4,133,671 shares, compared to its average volume of 7,792,067. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. Regions Financial Co. has a twelve month low of $13.72 and a twelve month high of $21.08. The company's fifty day moving average price is $19.55 and its 200 day moving average price is $18.23. The stock has a market capitalization of $18.19 billion, a P/E ratio of 10.76, a PEG ratio of 1.45 and a beta of 1.21.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business earned $0.62 EPS. The business's revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts predict that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Monday, June 3rd. Regions Financial's dividend payout ratio (DPR) is presently 52.17%.

Insider Activity

In other news, Director William C. Rhodes III acquired 50,000 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average price of $19.37 per share, with a total value of $968,500.00. Following the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $968,500. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company's stock.

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.