Regions Financial Corporation $RF Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its holdings in Regions Financial Corporation (NYSE:RFFree Report) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,593 shares of the bank’s stock after purchasing an additional 25,570 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Regions Financial were worth $3,864,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Empowered Funds LLC increased its holdings in shares of Regions Financial by 7.2% during the 1st quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock worth $416,000 after buying an additional 1,278 shares during the last quarter. Woodline Partners LP raised its position in Regions Financial by 40.7% in the first quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock valued at $1,669,000 after purchasing an additional 22,216 shares during the period. Baird Financial Group Inc. raised its position in Regions Financial by 0.7% in the second quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank’s stock valued at $1,687,000 after purchasing an additional 511 shares during the period. Federated Hermes Inc. raised its position in Regions Financial by 81.2% in the second quarter. Federated Hermes Inc. now owns 11,677 shares of the bank’s stock valued at $275,000 after purchasing an additional 5,233 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Regions Financial by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank’s stock worth $3,320,000 after acquiring an additional 6,690 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

RF has been the subject of several research reports. Truist Financial restated a “hold” rating and issued a $30.00 price target on shares of Regions Financial in a research note on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price target on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. DA Davidson boosted their target price on shares of Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Brean Capital initiated coverage on shares of Regions Financial in a research note on Thursday, March 12th. They set a “neutral” rating for the company. Finally, UBS Group reiterated a “neutral” rating and set a $30.00 target price on shares of Regions Financial in a research note on Wednesday, February 4th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.47.

View Our Latest Report on RF

Regions Financial Price Performance

Shares of NYSE:RF opened at $27.87 on Tuesday. Regions Financial Corporation has a one year low of $20.79 and a one year high of $31.53. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.09 and a beta of 1.02. The company has a 50-day simple moving average of $27.01 and a 200-day simple moving average of $27.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80.

Regions Financial (NYSE:RFGet Free Report) last announced its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.265 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.8%. Regions Financial’s dividend payout ratio (DPR) is 44.17%.

Regions Financial Profile

(Free Report)

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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