Recently, institutional investors, including several hedge funds, have been actively trading Regions Financial stock. EntryPoint Capital LLC invested $26,000 in the first quarter, while American National Bank & Trust boosted its stake by 1,856.7% in the third quarter, owning 1,174 shares now valued at $27,000. Quarry LP increased its position by 157.2%, owning 1,335 shares also worth $27,000. MV Capital Management raised its stake by 75.6% to 1,435 shares valued at $30,000, and Whittier Trust Co. of Nevada increased its ownership by 530.0%, holding 1,493 shares valued at $30,000. Overall, institutional investors own 79.39% of the stock.
Analyst Upgrades and Downgrades
Research reports on Regions Financial (RF) show optimism from analysts. Citigroup raised its target price from $25.00 to $26.00 with a “buy” rating. Wedbush upgraded it from “neutral” to “outperform” and increased its price target from $23.00 to $28.00. Royal Bank of Canada raised its target from $21.00 to $23.00, while Morgan Stanley lifted theirs from $25.00 to $28.00. Evercore ISI increased their target from $24.50 to $26.00. Currently, one analyst rates the stock as a sell, 12 as hold, and six as buy, giving an average rating of “Hold” with a price target of $22.86.
Check Out Our Latest Research Report on Regions Financial
Regions Financial Stock Performance
As of Tuesday, RF shares opened at $22.81. Key metrics include a current ratio and quick ratio of 0.83, and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $22.22, and its 200-day average is $20.69, with a 12-month range between $13.72 and $23.47. The market cap is $20.89 billion, P/E ratio is 12.40, and beta is 1.17. For the last quarter, Regions Financial reported $0.52 earnings per share, exceeding the estimate of $0.49. Revenue was $1.73 billion, slightly below the $1.76 billion estimate, with a year-over-year revenue decrease of 11.5%. Analysts forecast an EPS of 2.01 for the current fiscal year.
Regions Financial Increases Dividend
The company recently announced a quarterly dividend of $0.25 per share, paid on October 1st, up from $0.24 previously, which equates to an annualized dividend of $1.00 and a yield of 4.38%. The ex-dividend date was September 3rd, with a current payout ratio of 54.35%.
Regions Financial Profile
Regions Financial Corporation offers a variety of banking services to individuals and businesses through its Corporate Bank, Consumer Bank, and Wealth Management segments, which include commercial lending and financial advisory services.
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