Sanctuary Advisors LLC Grows Position in Regions Financial Corporation $RF

Sanctuary Advisors LLC boosted its stake in Regions Financial Corporation (NYSE:RF) by 108.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 675,296 shares of the bank’s stock after purchasing an additional 350,599 shares during the quarter. Sanctuary Advisors LLC’s holdings in Regions Financial were worth $18,301,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RF. Victory Capital Management Inc. grew its holdings in Regions Financial by 52.9% in the third quarter. Victory Capital Management Inc. now owns 13,523,714 shares of the bank’s stock valued at $357,417,000 after purchasing an additional 4,679,285 shares during the period. Qube Research & Technologies Ltd grew its stake in Regions Financial by 286.2% during the third quarter. Qube Research & Technologies Ltd now owns 4,022,031 shares of the bank’s stock worth $106,061,000 after buying an additional 2,980,505 shares during the period. AQR Capital Management LLC grew its stake in Regions Financial by 151.2% during the third quarter. AQR Capital Management LLC now owns 3,939,544 shares of the bank’s stock worth $103,886,000 after buying an additional 2,371,048 shares during the period. American Century Companies Inc. grew its stake in Regions Financial by 85.9% during the third quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock worth $121,976,000 after buying an additional 2,137,062 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Regions Financial during the third quarter worth approximately $54,349,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Trading Up 0.1%

NYSE RF opened at $27.79 on Monday. The company’s fifty day simple moving average is $27.25 and its 200-day simple moving average is $26.87. Regions Financial Corporation has a 52 week low of $19.93 and a 52 week high of $31.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The stock has a market cap of $23.99 billion, a P/E ratio of 11.58, a PEG ratio of 1.08 and a beta of 1.03.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, topping 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 business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts predict that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Announces Dividend

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

Analyst Ratings Changes

RF has been the subject of several research reports. Evercore downgraded shares of Regions Financial from an “in-line” rating to an “underperform” rating and boosted their price objective for the stock from $27.00 to $29.00 in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $31.00 price objective on shares of Regions Financial in a research note on Tuesday, January 20th. Royal Bank Of Canada boosted their price objective on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Regions Financial in a research note on Monday, December 29th. Finally, Wells Fargo & Company downgraded shares of Regions Financial from an “equal weight” rating to an “underweight” rating and set a $30.00 price objective for the company. in a research note on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Regions Financial currently has an average rating of “Hold” and a consensus price target of $30.12.

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.