Recent activity shows that several hedge funds and institutional investors are buying and selling shares of Regions Financial. EntryPoint Capital LLC purchased shares worth $26,000 in Q1. American National Bank & Trust increased its holdings by 1,856.7% in Q3, owning 1,174 shares now valued at $27,000 after buying 1,114 recently. Quarry LP raised its stake by 157.2% in Q2, now holding 1,335 shares worth $27,000 after acquiring 816. MV Capital Management Inc. grew its position by 75.6% in Q1, owning 1,435 shares valued at $30,000 after buying 618 shares. Whittier Trust Co. of Nevada Inc. also raised its holdings significantly by 530% in Q2, now owning 1,493 shares worth $30,000, having acquired 1,256 shares. Institutional investors currently own 79.39% of the stock.
Analyst Ratings
Analysts recently reviewed Regions Financial stock (RF). Citigroup raised its target price from $25 to $26, giving it a buy rating. Wedbush upgraded the stock from neutral to outperform with a target of $28. Royal Bank of Canada and Morgan Stanley also increased their target prices. Currently, one analyst rates it as a sell, twelve as hold, and six as buy, leading to an average rating of Hold with a target price of $22.86.
Check Out Our Latest Research Report on Regions Financial
Stock Performance
As of Tuesday, Regions Financial shares (RF) opened at $22.81. The company has a market cap of $20.89 billion, a P/E ratio of 12.40, and a beta of 1.17. It reported $0.52 earnings per share, exceeding estimates of $0.49. Revenue for the quarter was $1.73 billion, down 11.5% year-on-year. Analysts expect an annual EPS of 2.01.
Dividend Announcement
The company recently announced a quarterly dividend of $0.25 per share, up from $0.24, yielding an annual dividend of $1.00 (4.38%). The dividend payout ratio is 54.35%.
Regions Financial Overview
Regions Financial Corporation provides banking and related services through three segments: Corporate Bank, Consumer Bank, and Wealth Management, offering various commercial banking services.
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