Thursday, October 17, 2024
HomeFinnacial"Bank of NH Reduces Stock in Regions Financial Co. (NYSE:RF)"

“Bank of NH Reduces Stock in Regions Financial Co. (NYSE:RF)”

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

Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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