Recently, several hedge funds and institutional investors have bought and sold shares of Regions Financial. EntryPoint Capital LLC invested $26,000 in the first quarter. American National Bank & Trust increased its holdings by over 1,800% to own 1,174 shares valued at $27,000. Quarry LP raised its position by 157.2%, owning 1,335 shares now worth $27,000. MV Capital Management increased its stake by 75.6%, holding 1,435 shares valued at $30,000. Whittier Trust Co. of Nevada Inc. also significantly increased its position by 530.0%. Overall, institutional investors own 79.39% of the stock.
Analyst Ratings
Several analysts recently updated their ratings for RF shares. Citigroup raised its target price to $26 and rated it a buy on September 19. Wedbush upgraded it from neutral to outperform, increasing its price target from $23 to $28 on September 24. Royal Bank of Canada and Morgan Stanley also raised their price targets, with ratings of outperform and overweight, respectively. Currently, there is one sell rating, twelve hold ratings, and six buy ratings, resulting in an average Hold rating and a target price of $22.86.
Check Out Our Latest Research Report on Regions Financial
Stock Performance
Regions Financial (RF) opened at $22.81. Key metrics include a current ratio and quick ratio of 0.83, a debt-to-equity ratio of 0.33, and a market cap of $20.89 billion. The stock has a 12-month range of $13.72 to $23.47 and a P/E ratio of 12.40. Recently, they reported a quarterly earning of $0.52 per share, beating estimates. Revenue for the quarter was $1.73 billion, slightly under projections.
Dividend Increase
Regions Financial recently announced a quarterly dividend of $0.25, up from $0.24, paid on October 1. This gives an annual dividend of $1.00 and a yield of 4.38% with a payout ratio of 54.35%.
Company Overview
Regions Financial Corporation provides banking services to individuals and corporations through segments like Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers a range of commercial banking services.
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