Several hedge funds and institutional investors have recently traded Regions Financial shares. EntryPoint Capital LLC bought new shares worth $26,000 in the first quarter. American National Bank & Trust increased its shareholding by 1,856.7% in the third quarter, owning 1,174 shares valued at $27,000. Quarry LP grew its position by 157.2% in the second quarter, now holding 1,335 shares worth $27,000. MV Capital Management Inc. raised its stake by 75.6%, owning 1,435 shares valued at $30,000. Whittier Trust Co. of Nevada Inc. increased its shares by 530.0%, owning 1,493 shares worth $30,000. Currently, institutional investors hold 79.39% of the stock.
Analyst Ratings
Recent analyst reports on Regions Financial (RF) include Citigroup raising its target price from $25.00 to $26.00 with a “buy” rating, Wedbush upgrading from “neutral” to “outperform,” and raising their target from $23.00 to $28.00. Royal Bank of Canada increased its target from $21.00 to $23.00. Morgan Stanley raised its target from $25.00 to $28.00 as well. Currently, one analyst has a “sell” rating, twelve are “hold,” and six are “buy,” giving an average rating of “Hold” with a target of $22.86.
Check Out Our Latest Research Report on Regions Financial
Stock Performance
Regions Financial’s stock (RF) opened at $22.81. Key ratios include a current ratio of 0.83, quick ratio of 0.83, and debt-to-equity ratio of 0.33. It has a 50-day moving average of $22.22 and a 12-month range of $13.72 to $23.47, with a market cap of $20.89 billion and P/E ratio of 12.40. In its last quarterly report on July 19, the bank earned $0.52 per share, exceeding estimates of $0.49, with revenues of $1.73 billion.
Dividend Increase
Regions Financial recently announced a quarterly dividend of $0.25 per share, increased from $0.24. The annualized dividend is $1.00, yielding 4.38%. The ex-dividend date was September 3rd, with a payout ratio of 54.35%.
Company Overview
Regions Financial Corporation offers banking and related services through its segments: Corporate Bank, Consumer Bank, and Wealth Management.
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