Arista Wealth Management LLC Purchases Shares of 10,000 Regions Financial Co. (NYSE:RF)

Arista Wealth Management LLC purchased a new stake in Regions Financial Co. (NYSE:RF) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the bank’s stock, valued at approximately $194,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toroso Investments LLC boosted its position in Regions Financial by 5.0% in the fourth quarter. Toroso Investments LLC now owns 10,722 shares of the bank’s stock valued at $231,000 after buying an additional 508 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Regions Financial by 16.5% during the fourth quarter. Whittier Trust Co. now owns 3,881 shares of the bank’s stock worth $75,000 after purchasing an additional 549 shares in the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of Regions Financial by 0.4% during the fourth quarter. Pinnacle Financial Partners Inc now owns 144,317 shares of the bank’s stock worth $2,797,000 after purchasing an additional 606 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Regions Financial by 2.6% during the fourth quarter. SG Americas Securities LLC now owns 25,569 shares of the bank’s stock worth $496,000 after purchasing an additional 654 shares in the last quarter. Finally, Kinneret Advisory LLC lifted its position in shares of Regions Financial by 2.3% during the first quarter. Kinneret Advisory LLC now owns 29,352 shares of the bank’s stock worth $658,000 after purchasing an additional 656 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RF. Morgan Stanley upped their target price on shares of Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Evercore ISI upped their target price on shares of Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Truist Financial upped their target price on shares of Regions Financial from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, April 1st. Stephens reissued an “equal weight” rating and set a $21.00 price target on shares of Regions Financial in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada boosted their price target on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.39.

Regions Financial Stock Up 0.7 %

Shares of Regions Financial stock traded up $0.14 on Thursday, hitting $19.00. The company had a trading volume of 1,035,474 shares, compared to its average volume of 8,480,657. The firm has a market capitalization of $17.46 billion, a P/E ratio of 9.02, a P/E/G ratio of 1.36 and a beta of 1.21. Regions Financial Co. has a twelve month low of $13.72 and a twelve month high of $21.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a 50-day moving average of $19.28 and a 200-day moving average of $17.97.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.09). The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Research analysts predict that Regions Financial Co. will post 1.98 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.05%. Regions Financial’s payout ratio is 45.93%.

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.