Recently, several hedge funds and institutional investors bought and sold shares of Regions Financial. EntryPoint Capital LLC purchased a new position worth $26,000, while American National Bank & Trust increased its holdings by 1,856.7%, now owning shares valued at $27,000. Quarry LP raised its stake by 157.2%, owning $27,000 worth of shares, and MV Capital Management Inc. boosted its position by 75.6%, now holding shares worth $30,000. Lastly, Whittier Trust Co. of Nevada Inc. increased its holdings by 530.0%, also valued at $30,000. Overall, 79.39% of Regions Financial stock is owned by institutional investors.
Analyst Ratings
Analysts recently adjusted their ratings for Regions Financial (RF). Citigroup raised their target price from $25.00 to $26.00 and rated it a buy. Wedbush upgraded it to outperform with a new target of $28.00. Royal Bank of Canada increased its target to $23.00, while Morgan Stanley raised theirs to $28.00 and rated it overweight. Evercore ISI set a target of $26.00 with an in-line rating. Currently, one analyst rates it a sell, twelve hold it, and six suggest buying. The average rating is Hold with a price target of $22.86.
Check Out Our Latest Research Report on Regions Financial
Stock Performance
Regions Financial stock opened at $22.81. It has a market cap of $20.89 billion, P/E ratio of 12.40, and a 12-month high of $23.47. Last quarter, it posted earnings of $0.52 per share, surpassing expectations of $0.49, but its revenue was down 11.5% year-over-year.
Dividend Increase
Regions Financial recently announced a quarterly dividend of $0.25 per share, up from $0.24. This brings the annual dividend to $1.00, yielding 4.38%. The dividend payout ratio is 54.35%.
About Regions Financial
Regions Financial Corporation is a financial holding company offering banking services to individuals and businesses. It operates in three segments: Corporate Bank, Consumer Bank, and Wealth Management.
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