Headlands Technologies LLC Makes New $128,000 Investment in Regions Financial Co. (NYSE:RF)

Headlands Technologies LLC purchased a new stake in shares of Regions Financial Co. (NYSE:RF) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 5,447 shares of the bank’s stock, valued at approximately $128,000.

Several other institutional investors have also recently made changes to their positions in RF. LBP AM SA increased its stake 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 acquiring an additional 437,691 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Regions Financial in the 4th quarter worth $1,965,000. Aprio Wealth Management LLC bought a new position in shares of Regions Financial in the 4th quarter worth $1,247,000. Nordea Investment Management AB raised its position in shares of Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after buying an additional 99,115 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in shares of Regions Financial by 20.4% during the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock worth $34,806,000 after acquiring an additional 250,729 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of NYSE RF opened at $18.64 on Friday. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The stock has a market capitalization of $16.88 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.93 and a beta of 1.01. The company’s 50-day moving average is $22.88 and its 200 day moving average is $23.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last posted its earnings results 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 firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. On average, sell-side analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 5.36%. Regions Financial’s payout ratio is 51.55%.

Analyst Ratings Changes

A number of research firms have weighed in on RF. Wells Fargo & Company lowered their price target on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Truist Financial decreased their price objective on Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, Compass Point upped their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and a consensus target price of $26.95.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson purchased 2,300 shares of Regions Financial 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 completion of the acquisition, the director now directly 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 3,868 shares of company stock valued at $86,722 in the last three months. Company insiders own 0.29% of the company’s stock.

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.