AGP Franklin LLC Makes New Investment in Regions Financial Co. (NYSE:RF)

AGP Franklin LLC bought a new stake in shares of Regions Financial Co. (NYSE:RF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40,221 shares of the bank’s stock, valued at approximately $946,000.

Several other large investors also recently modified their holdings of the stock. Y.D. More Investments Ltd boosted its holdings in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares in the last quarter. Sierra Ocean LLC acquired a new position in Regions Financial during the fourth quarter worth about $28,000. Picton Mahoney Asset Management lifted its holdings in shares of Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after acquiring an additional 1,201 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Regions Financial during the 4th quarter valued at approximately $32,000. Finally, Creative Capital Management Investments LLC acquired a new position in Regions Financial during the 4th quarter worth approximately $44,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson purchased 2,300 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders acquired 3,343 shares of company stock valued at $74,348. 0.29% of the stock is owned by company insiders.

Regions Financial Stock Up 1.7 %

Shares of NYSE RF opened at $19.29 on Tuesday. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market cap of $17.47 billion, a PE ratio of 9.94, a P/E/G ratio of 1.93 and a beta of 1.01. The company’s fifty day simple moving average is $22.00 and its 200 day simple moving average is $23.66.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, sell-side analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Monday, March 3rd. Regions Financial’s dividend payout ratio is currently 51.55%.

Analyst Ratings Changes

A number of analysts have weighed in on RF shares. JPMorgan Chase & Co. cut their target price on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Barclays increased their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Morgan Stanley dropped their price objective on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, April 7th. Truist Financial decreased their price target 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. Finally, Wells Fargo & Company reduced their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.42.

About Regions Financial

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.