Catalyst Capital Advisors LLC Invests $90,000 in Regions Financial Co. (NYSE:RF)

Catalyst Capital Advisors LLC bought a new position in shares of Regions Financial Co. (NYSE:RF) in the third quarter, HoldingsChannel reports. The institutional investor bought 3,855 shares of the bank’s stock, valued at approximately $90,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RF. EntryPoint Capital LLC bought a new stake in shares of Regions Financial during the first quarter worth $26,000. American National Bank & Trust increased its holdings in Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares during the last quarter. Quarry LP increased its holdings in Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Regions Financial in the second quarter valued at about $32,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of NYSE RF opened at $26.31 on Thursday. The stock has a 50 day moving average price of $23.18 and a 200 day moving average price of $21.28. Regions Financial Co. has a 52 week low of $14.86 and a 52 week high of $26.33. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market capitalization of $24.08 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. Analysts predict that Regions Financial Co. will post 2.1 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 3.80%. Regions Financial’s dividend payout ratio is 56.50%.

Analysts Set New Price Targets

A number of research firms recently commented on RF. Barclays upped their price objective on Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a report on Tuesday, October 29th. Evercore ISI upped their price objective on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. Morgan Stanley boosted their target price on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, Truist Financial boosted their target price on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.45.

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.