Trexquant Investment LP Boosts Stock Holdings in Regions Financial Co. (NYSE:RF)

Trexquant Investment LP lifted its stake in Regions Financial Co. (NYSE:RF) by 112.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,055,597 shares of the bank’s stock after purchasing an additional 558,123 shares during the period. Trexquant Investment LP’s holdings in Regions Financial were worth $24,828,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in shares of Regions Financial by 8.4% in the 3rd quarter. FMR LLC now owns 3,109,633 shares of the bank’s stock valued at $72,548,000 after purchasing an additional 241,838 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Regions Financial by 2.9% in the third quarter. Public Sector Pension Investment Board now owns 159,607 shares of the bank’s stock valued at $3,724,000 after buying an additional 4,500 shares during the last quarter. Captrust Financial Advisors raised its stake in Regions Financial by 16.0% in the third quarter. Captrust Financial Advisors now owns 108,572 shares of the bank’s stock valued at $2,533,000 after buying an additional 14,958 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Regions Financial during the 3rd quarter worth about $3,565,000. Finally, Erste Asset Management GmbH acquired a new position in shares of Regions Financial during the 3rd quarter worth about $8,274,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Regions Financial

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 3,868 shares of company stock worth $86,722 in the last ninety days. Insiders own 0.29% of the company’s stock.

Regions Financial Stock Performance

NYSE:RF opened at $21.77 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $19.71 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The firm has a 50-day moving average price of $23.20 and a two-hundred day moving average price of $23.95. 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 quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. As a group, research analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.59%. Regions Financial’s dividend payout ratio is presently 51.55%.

Wall Street Analyst Weigh In

RF has been the topic of several research analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Truist Financial reduced their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Citigroup reduced their price target on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Compass Point boosted their price objective on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler raised their price target on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.17.

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.