Carlson Capital L.P. Purchases New Stake in Regions Financial Co. (NYSE:RF)

Carlson Capital L.P. acquired a new stake in shares of Regions Financial Co. (NYSE:RF) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,400 shares of the bank’s stock, valued at approximately $503,000. Regions Financial makes up 0.3% of Carlson Capital L.P.’s portfolio, making the stock its 22nd largest position.

Several other large investors have also bought and sold shares of the stock. Quarry LP lifted its stake in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after acquiring an additional 394 shares in the last quarter. Ballentine Partners LLC lifted its stake in Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock valued at $411,000 after acquiring an additional 420 shares in the last quarter. Private Advisor Group LLC lifted its stake in Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after acquiring an additional 429 shares in the last quarter. Prossimo Advisors LLC raised its stake in shares of Regions Financial by 2.3% during the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank’s stock worth $453,000 after purchasing an additional 430 shares during the period. Finally, Greenleaf Trust raised its stake in shares of Regions Financial by 1.8% during the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank’s stock worth $573,000 after purchasing an additional 436 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Down 0.1 %

RF stock opened at $23.35 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $21.14 billion, a PE ratio of 12.04, a PEG ratio of 1.93 and a beta of 1.20. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The stock has a 50-day simple moving average of $24.05 and a two-hundred day simple moving average of $23.98.

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

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s payout ratio is presently 51.55%.

Analyst Ratings Changes

RF has been the topic of a number of recent analyst reports. Truist Financial lifted their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Citigroup lifted their target price on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Compass Point lifted their target price on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $32.00 target price (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.67.

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.