Recent Institutional Activity
Several hedge funds and institutional investors have recently traded shares of Regions Financial. EntryPoint Capital LLC invested $26,000 in the first quarter, while American National Bank & Trust increased its stake by 1,856.7% to own 1,174 shares worth $27,000. Quarry LP raised its holdings by 157.2% to 1,335 shares valued at $27,000. MV Capital Management Inc. increased its position by 75.6%, now owning 1,435 shares worth $30,000. Whittier Trust Co. of Nevada Inc. boosted its stake by 530.0%, holding 1,493 shares valued at $30,000. Currently, 79.39% of the stock is held by institutional investors.
Analyst Ratings
Analysts have made various ratings changes for Regions Financial (RF). Citigroup raised its target price from $25.00 to $26.00, giving it a buy rating. Wedbush upgraded its rating from neutral to outperform with a new target price of $28.00. Other firms, including RBC and Morgan Stanley, also increased their price targets. The stock has one sell rating, twelve hold ratings, and six buy ratings, with an average target of $22.86.
Stock Performance
As of Tuesday, RF shares opened at $22.81. The company has a market cap of $20.89 billion and a P/E ratio of 12.40. Regions Financial recently reported earnings of $0.52 per share, surpassing expectations of $0.49. The companys revenue decreased by 11.5% year-over-year.
Dividend Announcement
Regions Financial declared a quarterly dividend of $0.25 per share, up from $0.24, with a dividend yield of 4.38%. The dividend payout ratio is currently 54.35%.
About Regions Financial
Regions Financial Corporation offers banking services to individuals and corporations across three segments: Corporate Bank, Consumer Bank, and Wealth Management.
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