Thoroughbred Financial Services LLC Has $1.15 Million Stake in Regions Financial Co. (NYSE:RF)

Thoroughbred Financial Services LLC boosted its position in shares of Regions Financial Co. (NYSE:RF) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,875 shares of the bank’s stock after purchasing an additional 2,314 shares during the period. Thoroughbred Financial Services LLC’s holdings in Regions Financial were worth $1,149,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RF. Y.D. More Investments Ltd grew its holdings in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new position in Regions Financial during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management grew its stake in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after acquiring an additional 1,201 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Regions Financial in the 4th quarter valued at about $32,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Regions Financial in the third quarter worth approximately $37,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Joia M. Johnson acquired 2,300 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares of the company’s stock, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought a total of 3,868 shares of company stock valued at $86,722 over the last ninety days. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on RF. Citigroup dropped their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Compass Point upped their price target 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. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Wells Fargo & Company lowered their target price on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Finally, Truist Financial cut their price target on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.95.

Regions Financial Stock Down 4.9 %

RF stock opened at $18.64 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The company has a 50-day moving average of $22.88 and a two-hundred day moving average of $23.88. The stock has a market capitalization of $16.88 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96.

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

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 5.36%. Regions Financial’s dividend payout ratio (DPR) is currently 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.