Recent Investments in Regions Financial
Many hedge funds and institutional investors have recently traded Regions Financial stock. EntryPoint Capital LLC bought shares worth $26,000. American National Bank & Trust increased its holdings by 1,856.7%, owning now 1,174 shares valued at $27,000. Quarry LP grew its position by 157.2%, now holding 1,335 shares worth $27,000. MV Capital Management raised its stake by 75.6% to 1,435 shares valued at $30,000. Whittier Trust Co. of Nevada Inc. boosted its position by 530.0%, now owning 1,493 shares worth $30,000. Currently, 79.39% of the stock is held by institutional investors and hedge funds.
Analyst Ratings
Research analysts have made recent reports on RF shares: Citigroup raised the target price from $25.00 to $26.00 with a buy rating. Wedbush upgraded from neutral to outperform with a price target increased to $28.00. Royal Bank of Canada and Morgan Stanley also boosted their targets. Overall, analysts rate Regions Financial with an average of Hold and a price target of $22.86.
Stock Performance
As of Tuesday, RF shares opened at $22.81. Key metrics include a market cap of $20.89 billion, a P/E ratio of 12.40, and a 12-month high of $23.47. Last quarter, the bank reported $0.52 EPS, beating estimates of $0.49, with revenues of $1.73 billion, down 11.5% year-over-year.
Dividend Increase
Regions Financial recently increased its quarterly dividend to $0.25 per share from $0.24. The annual yield is now 4.38%, with a payout ratio of 54.35%.
Company Overview
Regions Financial Corporation provides banking services to individual and corporate clients through its Corporate Bank, Consumer Bank, and Wealth Management segments.
Further Reading
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