Dana Investment Advisors Inc. Lowers Stock Holdings in Regions Financial Co. (NYSE:RF)

Dana Investment Advisors Inc. lowered its position in Regions Financial Co. (NYSE:RF) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,628 shares of the bank’s stock after selling 15,130 shares during the period. Dana Investment Advisors Inc.’s holdings in Regions Financial were worth $2,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in RF. Janney Montgomery Scott LLC lifted its position in Regions Financial by 16.4% in the third quarter. Janney Montgomery Scott LLC now owns 66,925 shares of the bank’s stock valued at $1,561,000 after purchasing an additional 9,407 shares during the period. Van ECK Associates Corp lifted its position in Regions Financial by 59.0% in the third quarter. Van ECK Associates Corp now owns 37,721 shares of the bank’s stock valued at $891,000 after purchasing an additional 13,999 shares during the period. Woodmont Investment Counsel LLC acquired a new stake in Regions Financial in the third quarter valued at about $216,000. Principal Financial Group Inc. lifted its position in Regions Financial by 3.2% in 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 period. Finally, Leavell Investment Management Inc. lifted its position in shares of Regions Financial by 5.5% during the 3rd quarter. Leavell Investment Management Inc. now owns 223,017 shares of the bank’s stock valued at $5,259,000 after acquiring an additional 11,639 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

RF has been the subject of a number of research reports. Truist Financial lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Compass Point raised their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler raised their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, The Goldman Sachs Group raised their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial currently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Stock Up 0.7 %

RF stock opened at $22.10 on Friday. The stock has a market capitalization of $20.01 billion, a P/E ratio of 11.39, a PEG ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a 50 day moving average price of $23.90 and a two-hundred day moving average price of $24.03.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $0.39 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.53%. Regions Financial’s dividend payout ratio is presently 51.55%.

Regions Financial Company Profile

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.