Creative Capital Management Investments LLC Invests $44,000 in Regions Financial Co. (NYSE:RF)

Creative Capital Management Investments LLC purchased a new stake in shares of Regions Financial Co. (NYSE:RF) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,883 shares of the bank’s stock, valued at approximately $44,000.

A number of other hedge funds have also bought and sold shares of the business. Y.D. More Investments Ltd raised its holdings in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC bought a new stake in shares of Regions Financial in the fourth quarter valued at $28,000. Truvestments Capital LLC purchased a new position in shares of Regions Financial during the 3rd quarter valued at $37,000. Legacy Investment Solutions LLC bought a new position in shares of Regions Financial during the 3rd quarter worth $37,000. Finally, Quarry LP increased its holdings in Regions Financial by 29.5% in 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 last quarter. 79.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. DA Davidson increased their target price on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Truist Financial increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Wells Fargo & Company raised their price target on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Wedbush boosted their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Tuesday, October 29th. 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 stock. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Trading Up 1.1 %

NYSE RF opened at $24.32 on Tuesday. 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 company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.97 and a beta of 1.20. The stock’s 50-day simple moving average is $24.23 and its two-hundred day simple moving average is $23.83. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96.

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

Regions Financial Dividend Announcement

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio 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.