Savant Capital LLC Has $1.51 Million Stock Position in Regions Financial Co. (NYSE:RF)

Savant Capital LLC lifted its holdings in shares of Regions Financial Co. (NYSE:RF) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,039 shares of the bank’s stock after purchasing an additional 4,402 shares during the quarter. Savant Capital LLC’s holdings in Regions Financial were worth $1,506,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Kestra Private Wealth Services LLC grew its holdings in Regions Financial by 2.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 149,286 shares of the bank’s stock valued at $3,511,000 after purchasing an additional 3,978 shares during the last quarter. AlphaStar Capital Management LLC grew its stake in Regions Financial by 22.2% in the 4th quarter. AlphaStar Capital Management LLC now owns 17,779 shares of the bank’s stock valued at $418,000 after buying an additional 3,231 shares during the last quarter. Entropy Technologies LP acquired a new position in Regions Financial in the 4th quarter valued at $2,024,000. Empowered Funds LLC grew its stake in Regions Financial by 11.6% in the 4th quarter. Empowered Funds LLC now owns 17,874 shares of the bank’s stock valued at $420,000 after buying an additional 1,857 shares during the last quarter. Finally, Vest Financial LLC grew its stake in Regions Financial by 20.4% in the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock valued at $34,806,000 after buying an additional 250,729 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RF shares. Compass Point raised their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. DA Davidson raised their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Citigroup raised their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company raised their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Stock Performance

Shares of NYSE:RF opened at $24.03 on Friday. The business’s fifty day moving average price is $24.31 and its two-hundred day moving average price is $23.79. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.16%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

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.