25,307 Shares in Regions Financial Co. (NYSE:RF) Bought by Farringdon Capital Ltd.

Farringdon Capital Ltd. acquired a new stake in Regions Financial Co. (NYSE:RF) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 25,307 shares of the bank’s stock, valued at approximately $595,000.

A number of other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock valued at $686,398,000 after purchasing an additional 1,396,647 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Regions Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank’s stock valued at $540,284,000 after acquiring an additional 403,283 shares during the period. Invesco Ltd. lifted its position in shares of Regions Financial by 14.5% during the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank’s stock valued at $363,823,000 after acquiring an additional 1,963,954 shares during the period. Norges Bank purchased a new position in Regions Financial in the 4th quarter valued at approximately $279,103,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Regions Financial by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank’s stock worth $203,273,000 after purchasing an additional 112,885 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Insider Activity

In related news, Director Joia M. Johnson purchased 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 3,343 shares of company stock valued at $74,348. Company insiders own 0.29% of the company’s stock.

Regions Financial Stock Up 0.5 %

Shares of RF opened at $19.26 on Friday. The firm has a market cap of $17.44 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. 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 company’s fifty day moving average is $21.69 and its two-hundred day moving average is $23.58. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last issued its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter last year, the firm earned $0.37 earnings per share. Analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 5.19%. Regions Financial’s dividend payout ratio (DPR) is 51.55%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wells Fargo & Company decreased 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 report on Friday, March 28th. Citigroup reduced their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Morgan Stanley cut their price target on 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 cut their target price on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.42.

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.