Ashton Thomas Private Wealth LLC Has $551,000 Stake in Regions Financial Co. (NYSE:RF)

Ashton Thomas Private Wealth LLC reduced its holdings in Regions Financial Co. (NYSE:RF) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,181 shares of the bank’s stock after selling 698 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Regions Financial were worth $551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in shares of Regions Financial by 16.4% during the third quarter. Janney Montgomery Scott LLC now owns 66,925 shares of the bank’s stock worth $1,561,000 after purchasing an additional 9,407 shares during the period. Van ECK Associates Corp raised its position in shares of Regions Financial by 59.0% in the 3rd quarter. Van ECK Associates Corp now owns 37,721 shares of the bank’s stock valued at $891,000 after acquiring an additional 13,999 shares during the period. Principal Financial Group Inc. raised its position in shares of Regions Financial by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank’s stock valued at $25,376,000 after acquiring an additional 34,125 shares during the period. Assetmark Inc. grew its holdings in Regions Financial by 6.8% during the third quarter. Assetmark Inc. now owns 18,637 shares of the bank’s stock valued at $435,000 after purchasing an additional 1,184 shares during the period. Finally, Atria Investments Inc increased its stake in Regions Financial by 4.1% in the third quarter. Atria Investments Inc now owns 19,100 shares of the bank’s stock valued at $446,000 after purchasing an additional 754 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Trading Down 2.3 %

Shares of Regions Financial stock opened at $21.56 on Tuesday. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. 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 business’s 50 day moving average is $23.86 and its 200-day moving average is $24.06. The stock has a market cap of $19.52 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.93 and a beta of 1.19.

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

Regions Financial Announces Dividend

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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s payout ratio is currently 51.55%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RF shares. Truist Financial lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Barclays increased their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Piper Sandler increased their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Compass Point upped their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial 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.