DekaBank Deutsche Girozentrale Has $6.47 Million Stock Position in Regions Financial Corporation $RF

DekaBank Deutsche Girozentrale grew its stake in Regions Financial Corporation (NYSE:RF) by 0.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 277,006 shares of the bank’s stock after buying an additional 1,249 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Regions Financial were worth $6,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American National Bank & Trust lifted its position in shares of Regions Financial by 2,433.3% in the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after buying an additional 1,022 shares during the last quarter. Bayforest Capital Ltd lifted its position in shares of Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after buying an additional 1,058 shares during the last quarter. Rossby Financial LCC acquired a new stake in shares of Regions Financial in the first quarter worth about $36,000. Groupe la Francaise acquired a new stake in shares of Regions Financial in the first quarter worth about $41,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Regions Financial in the second quarter worth about $44,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on RF shares. Keefe, Bruyette & Woods boosted their price target on Regions Financial from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Stephens reissued an “equal weight” rating and set a $27.00 price objective (down previously from $30.00) on shares of Regions Financial in a research report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Regions Financial in a research report on Wednesday, October 8th. DA Davidson boosted their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Truist Financial cut their price objective on Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.19.

Insider Activity at Regions Financial

In related news, Director Roger W. Jenkins acquired 4,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were bought at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the purchase, the director owned 6,383 shares in the company, valued at approximately $162,638.84. This trade represents a 167.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David R. Keenan sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the sale, the executive vice president owned 90,915 shares in the company, valued at approximately $2,273,784.15. This represents a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Regions Financial Trading Up 1.9%

Shares of RF opened at $24.56 on Friday. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $21.92 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 1.24 and a beta of 1.02. The stock’s 50-day moving average price is $26.10 and its 200 day moving average price is $23.83.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%.The firm had revenue of $1.81 billion for the quarter. As a group, research analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, December 1st. Regions Financial’s dividend payout ratio is currently 46.70%.

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.