Curbstone Financial Management Corp Purchases 3,850 Shares of Regions Financial Co. (NYSE:RF)

Curbstone Financial Management Corp boosted its position in Regions Financial Co. (NYSE:RF) by 12.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,300 shares of the bank’s stock after buying an additional 3,850 shares during the period. Curbstone Financial Management Corp’s holdings in Regions Financial were worth $767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RF. Sierra Ocean LLC acquired a new position in Regions Financial during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management boosted its stake in shares of Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after buying an additional 1,201 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Regions Financial in the 4th quarter worth approximately $32,000. Creative Capital Management Investments LLC purchased a new position in shares of Regions Financial in the 4th quarter worth approximately $44,000. Finally, Allworth Financial LP boosted its stake in shares of Regions Financial by 36.4% in the 4th quarter. Allworth Financial LP now owns 2,560 shares of the bank’s stock worth $62,000 after buying an additional 683 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RF has been the topic of a number of research analyst reports. Truist Financial restated a “hold” rating on shares of Regions Financial in a research note on Friday, May 23rd. Jefferies Financial Group began coverage on Regions Financial in a research note on Wednesday, May 21st. They issued a “hold” rating and a $24.00 price objective on the stock. Wells Fargo & Company dropped their price objective on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Cowen began coverage on Regions Financial in a research note on Wednesday, May 14th. They issued a “buy” rating on the stock. Finally, Barclays dropped their price objective on Regions Financial from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.80.

Regions Financial Trading Up 1.2%

Regions Financial stock opened at $22.37 on Wednesday. The stock has a market cap of $20.10 billion, a P/E ratio of 11.53, a PEG ratio of 1.93 and a beta of 0.96. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The firm’s fifty day moving average price is $20.71 and its 200-day moving average price is $22.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last released its earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Equities research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.47%. Regions Financial’s dividend payout ratio is presently 48.08%.

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.