12,974 Shares in Regions Financial Co. (NYSE:RF) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new position in Regions Financial Co. (NYSE:RF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,974 shares of the bank’s stock, valued at approximately $305,000.

A number of other hedge funds also recently bought and sold shares of the company. LBP AM SA raised its position in Regions Financial by 149.4% in the 4th quarter. LBP AM SA now owns 730,614 shares of the bank’s stock worth $17,184,000 after buying an additional 437,691 shares during the last quarter. Aigen Investment Management LP purchased a new position in Regions Financial in the 4th quarter worth about $1,965,000. Vest Financial LLC raised its position in Regions Financial by 20.4% in the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock worth $34,806,000 after buying an additional 250,729 shares during the last quarter. Beacon Capital Management LLC raised its position in Regions Financial by 1,099.7% in the 4th quarter. Beacon Capital Management LLC now owns 139,665 shares of the bank’s stock worth $3,285,000 after buying an additional 128,023 shares during the last quarter. Finally, LPL Financial LLC raised its position in Regions Financial by 4.0% in the 4th quarter. LPL Financial LLC now owns 939,376 shares of the bank’s stock worth $22,094,000 after buying an additional 36,438 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Insider Activity

In other news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at $370,353.48. The trade was a 15.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

RF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Barclays reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set an “underweight” rating for the company in a research report on Monday, April 21st. TD Cowen initiated coverage on shares of Regions Financial in a research report on Thursday. They set a “buy” rating and a $31.00 price target for the company. Stephens reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Finally, Truist Financial reduced their price target on shares of Regions Financial from $24.00 to $21.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.80.

Regions Financial Trading Up 0.0%

RF stock opened at $22.45 on Friday. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market capitalization of $20.18 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.93 and a beta of 0.97. The business has a 50 day simple moving average of $20.66 and a two-hundred day simple moving average of $23.23.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company posted $0.37 EPS. Research analysts anticipate that Regions Financial Co. will post 2.26 EPS 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. Stockholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.45%. Regions Financial’s dividend payout ratio is currently 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.