Several hedge funds and institutions recently traded shares of Regions Financial. EntryPoint Capital LLC bought shares worth $26,000 in the first quarter. American National Bank & Trust increased their holdings by over 1,856% in Q3, now owning 1,174 shares valued at $27,000, after acquiring 1,114 additional shares. Quarry LP raised their stake by 157.2% in Q2, owning 1,335 shares worth $27,000 after adding 816 shares.MV Capital Management Inc. increased its shares by 75.6% in Q1, holding 1,435 shares valued at $30,000 after purchasing 618 more. Whittier Trust Co. of Nevada Inc. boosted their position by 530% in Q2, now owning 1,493 shares valued at $30,000 after acquiring 1,256 shares. Currently, institutional investors and hedge funds own 79.39% of the stock.
Analyst Ratings
Research analysts have recently commented on RF shares. Citigroup raised the target price from $25.00 to $26.00, giving a buy rating on September 19th. Wedbush upgraded their rating from neutral to outperform, increasing the target price from $23.00 to $28.00 on September 24th. Royal Bank of Canada increased their target from $21.00 to $23.00 with an outperform rating on July 22nd. Morgan Stanley raised their target from $25.00 to $28.00, designating an overweight rating on July 30th. Evercore ISI increased their target from $24.50 to $26.00, giving an in-line rating on October 2nd. Currently, one analyst rates the stock as a sell, twelve as hold, and six as buy, reflecting an average rating of Hold with an average target of $22.86, according to MarketBeat.com.
Check Out Our Latest Research Report on Regions Financial
Stock Performance
Regions Financial (RF) opened at $22.81 recently. Key ratios include a current and quick ratio of 0.83, and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of $22.22 and a 200-day average of $20.69, with a 12-month low of $13.72 and a high of $23.47. Market cap stands at $20.89 billion with a P/E ratio of 12.40, PEG ratio of 2.95, and beta of 1.17.
Regions Financial reported $0.52 earnings per share on July 19th, beating estimates of $0.49. They had a net margin of 18.91% and a return on equity of 12.64%, with Q2 revenue of $1.73 billionslightly below the $1.76 billion forecast. Year-over-year revenue dropped by 11.5%. Analysts predict $2.01 EPS for the current fiscal year.
Dividend Increase
The company recently announced a quarterly dividend of $0.25, paid on October 1st. This is up from the previous $0.24 dividend. The annualized dividend is $1.00 with a yield of 4.38%. The ex-dividend date was September 3rd, and the current dividend payout ratio is 54.35%.
Company Overview
Regions Financial Corporation is a financial holding company offering banking services to individuals and businesses through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank provides commercial banking services, equipment lease financing, deposit products, and various advisory services.
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