Forvis Mazars Wealth Advisors LLC Sells 1,037 Shares of Regions Financial Co. (NYSE:RF)

Forvis Mazars Wealth Advisors LLC lessened its holdings in shares of Regions Financial Co. (NYSE:RF) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 26,272 shares of the bank’s stock after selling 1,037 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Regions Financial were worth $618,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd increased its holdings in Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC purchased a new position in Regions Financial during the 4th quarter valued at about $28,000. Truvestments Capital LLC purchased a new position in Regions Financial during the 3rd quarter valued at about $37,000. Legacy Investment Solutions LLC purchased a new position in Regions Financial during the 3rd quarter valued at about $37,000. Finally, Quarry LP grew its holdings in shares of Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after acquiring an additional 394 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Compass Point upped their target price on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a report on Tuesday, October 29th. Wells Fargo & Company upped their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Finally, Citigroup upped their target price on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Stock Performance

RF stock opened at $23.44 on Tuesday. The stock has a market capitalization of $21.30 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $24.08 and its 200 day simple moving average is $23.96.

Regions Financial (NYSE:RF) last released 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. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. As a group, research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.27%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

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.