Many hedge funds and institutional investors have recently traded shares of Regions Financial. EntryPoint Capital LLC bought shares worth $26,000 in the first quarter. American National Bank & Trust increased its holdings by a massive 1,856.7% in the third quarter, owning 1,174 shares worth $27,000 after adding 1,114 shares. Quarry LP raised its stake by 157.2% in the second quarter, now owning 1,335 shares valued at $27,000 after acquiring 816 additional shares. MV Capital Management Inc. grew its position by 75.6% in the first quarter with a total of 1,435 shares worth $30,000 after buying 618 more shares. Whittier Trust Co. of Nevada Inc. boosted its holdings by 530.0% in the second quarter, now owning 1,493 shares valued at $30,000 after adding 1,256 shares. Currently, 79.39% of the stock is held by institutional investors and hedge funds.
Analyst Ratings
Recent reports from analysts show positive changes for Regions Financial. Citigroup raised their target price from $25 to $26 with a buy rating. Wedbush upgraded their rating from neutral to outperform and increased the target to $28. Royal Bank of Canada raised their target from $21 to $23, also giving an outperform rating. Morgan Stanley upped their price target from $25 to $28 with an overweight rating. Evercore ISI adjusted their target from $24.50 to $26, rating it in-line. Currently, one analyst rates the stock as a sell, twelve as hold, and six as buy, leading to an average rating of Hold with a target of $22.86.
Check Out Our Latest Research Report on Regions Financial
Stock Performance
Regions Financial (RF) opened at $22.81. It has a current ratio of 0.83, a quick ratio also of 0.83, and a debt-to-equity ratio of 0.33. The 50-day moving average is $22.22, and the 200-day moving average is $20.69. The stock has a 12-month low of $13.72 and a high of $23.47, with a market cap of $20.89 billion and a P/E ratio of 12.40.
In their latest earnings report on July 19, Regions Financial reported $0.52 earnings per share, exceeding estimates of $0.49. Their net margin was 18.91%, with revenue of $1.73 billion, slightly below the expected $1.76 billion and a decrease of 11.5% year over year. Analysts project an EPS of 2.01 for the current fiscal year.
Dividend Increase
Regions Financial announced a quarterly dividend of $0.25 per share, up from $0.24, paid on October 1. This amounts to an annual dividend of $1.00, giving a yield of 4.38%. The ex-dividend date was September 3, and the company’s dividend payout ratio is 54.35%.
About Regions Financial
Regions Financial Corporation provides banking services through three divisions: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank offers various services, including commercial lending, equipment financing, deposits, and advisory services.
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