AGP Franklin LLC Invests $946,000 in Regions Financial Co. (NYSE:RF)

AGP Franklin LLC purchased a new stake in Regions Financial Co. (NYSE:RF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 40,221 shares of the bank’s stock, valued at approximately $946,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RF. Orion Portfolio Solutions LLC bought a new position in shares of Regions Financial in the 3rd quarter valued at about $210,000. MML Investors Services LLC lifted its holdings in Regions Financial by 7.7% in the third quarter. MML Investors Services LLC now owns 71,669 shares of the bank’s stock valued at $1,672,000 after buying an additional 5,101 shares during the period. World Investment Advisors LLC boosted its stake in Regions Financial by 14.5% in the third quarter. World Investment Advisors LLC now owns 15,837 shares of the bank’s stock valued at $369,000 after acquiring an additional 2,010 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Regions Financial during the 3rd quarter worth $56,000. Finally, Tidal Investments LLC raised its position in shares of Regions Financial by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 127,326 shares of the bank’s stock valued at $2,971,000 after acquiring an additional 2,531 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their price objective on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. Wells Fargo & Company reduced their target price on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. JPMorgan Chase & Co. lowered their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Citigroup reduced their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Truist Financial decreased their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.42.

Insider Buying and Selling

In other news, Director Joia M. Johnson purchased 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company’s stock, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have purchased 3,343 shares of company stock worth $74,348. Corporate insiders own 0.29% of the company’s stock.

Regions Financial Trading Up 1.7 %

NYSE:RF opened at $19.29 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The company has a market cap of $17.47 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The business has a 50 day moving average price of $22.00 and a two-hundred day moving average price of $23.66.

Regions Financial (NYSE:RF) last released its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend was Monday, March 3rd. Regions Financial’s dividend payout ratio is currently 51.55%.

Regions Financial Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.