Several hedge funds and institutional investors have bought or sold shares of Regions Financial recently. EntryPoint Capital LLC invested $26,000 in the first quarter. American National Bank & Trust increased its shares by over 1,856% in the third quarter, owning 1,174 shares now valued at $27,000. Quarry LP raised its holdings by 157.2% in the second quarter, totaling 1,335 shares also valued at $27,000. MV Capital Management Inc. increased its stake by 75.6%, owning 1,435 shares worth $30,000. Whittier Trust Co. of Nevada Inc. boosted its holdings by 530% to 1,493 shares, also valued at $30,000. Currently, 79.39% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings
Recent reports have updated Regions Financial’s stock ratings. Citigroup raised their target price from $25 to $26 and rated it “buy.” Wedbush upgraded it to “outperform” and changed their target price from $23 to $28. Royal Bank of Canada raised their target from $21 to $23 with an “outperform” rating. Morgan Stanley increased their price target from $25 to $28 and rated it “overweight.” Evercore ISI lifted their target from $24.50 to $26 with an “in-line” rating. Overall, there’s one sell rating, twelve holds, and six buy ratings, giving an average rating of “Hold” with a price target of $22.86.
Explore Our Research Report on Regions Financial
Regions Financial Stock Overview
Regions Financial’s stock (RF) opened at $22.81. Key financial ratios include a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock has fluctuated between a low of $13.72 and a high of $23.47 in the past year, with a market cap of $20.89 billion and a P/E ratio of 12.40. Recently, the bank reported $0.52 earnings per share, surpassing the expected $0.49, but its revenue fell 11.5% from the previous year.
Dividend Increase
Regions Financial recently increased its quarterly dividend from $0.24 to $0.25 per share, yielding 4.38%. The next ex-dividend date was September 3rd, with a payout ratio of 54.35%.
Company Profile
Regions Financial Corporation offers various banking services to individuals and businesses, organized into three segments: Corporate Bank, Consumer Bank, and Wealth Management.
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