Recent activity shows multiple hedge funds and institutions buying and selling Regions Financial shares. EntryPoint Capital LLC invested $26,000 in the first quarter, while American National Bank & Trust increased its holdings by 1,856.7% to own 1,174 shares worth $27,000. Quarry LP raised its stake by 157.2% in the second quarter, holding 1,335 shares valued at $27,000. MV Capital Management Inc. increased its position by 75.6% to own 1,435 shares worth $30,000, and Whittier Trust Co. grew its holdings by 530.0% to hold 1,493 shares valued at $30,000. Overall, institutional investors own 79.39% of the stock.
Analyst Ratings
Analysts recently upgraded Regions Financial (RF) shares. Citigroup raised their target price from $25 to $26, giving it a buy rating on September 19. Wedbush upgraded its rating from neutral to outperform, increasing the target price to $28 on September 24. Royal Bank of Canada increased their target from $21 to $23. Morgan Stanley raised theirs from $25 to $28, and Evercore ISI lifted it from $24.50 to $26. Currently, the average rating is Hold with a target price of $22.86.
Check Out Our Latest Research Report on Regions Financial
Stock Performance
Regions Financial shares opened at $22.81. The company has a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock’s 12-month range is from $13.72 to $23.47, with a market cap of $20.89 billion and a P/E ratio of 12.40. In its recent earnings report, the bank reported $0.52 earnings per share, beating estimates by $0.03 but showing an 11.5% revenue decrease year-over-year.
Dividend Increase
Regions recently announced a quarterly dividend of $0.25 per share, increased from $0.24. This translates to an annual yield of 4.38%, with a payout ratio of 54.35%.
Company Overview
Regions Financial Corporation offers banking and related services, operating in segments like Corporate Bank, Consumer Bank, and Wealth Management. Services include commercial banking, leasing, deposit products, and advisory services.
Further Reading
- Five stocks we like better than Regions Financial
- What is a Bond Market Holiday? How to Invest and Trade
- Ciena Stock Powers the AI Cloud BoomDont Miss Out
- Following Congress Stock Trades
- Affirms Path to Profitability Elevates with Interest Rate Cuts
- 3 Warren Buffett Stocks to Buy Now
- RPM International Thrives in Rate-Cut Driven Construction Rally
Receive News & Ratings for Regions Financial Daily – Enter your email address below to receive a summary of the latest news and analysts’ ratings for Regions Financial and related companies with MarketBeat.com’s FREE daily email newsletter.
`
