Hedge funds and institutional investors have recently traded shares of Regions Financial. EntryPoint Capital LLC invested $26,000 in the 1st quarter. American National Bank & Trust increased its shares by 1,856.7%, acquiring 1,174 shares valued at $27,000 after buying 1,114 shares. Quarry LP boosted its stakes by 157.2% in the 2nd quarter, now holding 1,335 shares worth $27,000 after acquiring 816 shares. MV Capital Management raised its holdings by 75.6%, owning 1,435 shares worth $30,000. Whittier Trust Co. of Nevada increased its position by 530%, now owning 1,493 shares valued at $30,000. Overall, 79.39% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings
Recent reports on Regions Financial (RF) include:
– Citigroup raised the target price from $25.00 to $26.00, rating it “buy.”
– Wedbush upgraded the stock to “outperform” with a target price of $28.00.
– Royal Bank of Canada increased the target from $21.00 to $23.00 with an “outperform” rating.
– Morgan Stanley raised their target from $25.00 to $28.00, rating it “overweight.”
– Evercore ISI raised the target from $24.50 to $26.00 with an “in-line” rating.
Currently, analysts have one sell, twelve hold, and six buy ratings, averaging a “Hold” with a price target of $22.86.
Explore Our Latest Research on Regions Financial
Stock Performance
On Tuesday, RF shares opened at $22.81. The company has a 0.83 current and quick ratio, and a 0.33 debt-to-equity ratio. The 50-day moving average is $22.22, and the 200-day is $20.69. The 12-month range is $13.72 to $23.47. RF’s market cap is $20.89 billion with a P/E ratio of 12.40. In the last quarter, RF reported $0.52 EPS, beating estimates of $0.49, with revenue at $1.73 billion, down 11.5% year-over-year. Analysts expect an EPS of 2.01 for the fiscal year.
Dividend Increase
Regions Financial increased its quarterly dividend to $0.25 per share, up from $0.24. The annualized dividend is $1.00 with a yield of 4.38%. The ex-dividend date was September 3rd, and the payout ratio is 54.35%.
Company Overview
Regions Financial Corporation provides banking and related services through its Corporate Bank, Consumer Bank, and Wealth Management segments. They offer commercial banking, lending, deposit products, and advisory services.
Further Reading
- Top Five Stocks Better Than Regions Financial
- Understanding Bond Market Holidays
- Ciena Stock and the AI Cloud Boom
- Tracking Congress Stock Trades
- Affirm’s Profitability Path with Rate Cuts
- Three Warren Buffett Stocks to Buy Now
- RPM International in the Construction Rally
Get Daily News & Ratings for Regions Financial – Enter your email for the latest news and ratings delivered to you by MarketBeat.com’s FREE newsletter.
`
