Farringdon Capital Ltd. Invests $595,000 in Regions Financial Co. (NYSE:RF)

Farringdon Capital Ltd. acquired a new stake in shares of Regions Financial Co. (NYSE:RF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 25,307 shares of the bank’s stock, valued at approximately $595,000.

A number of other institutional investors have also bought and sold shares of the business. Orion Portfolio Solutions LLC purchased a new stake in shares of Regions Financial in the third quarter valued at about $210,000. World Investment Advisors LLC increased its holdings in shares of Regions Financial by 14.5% during the 3rd quarter. World Investment Advisors LLC now owns 15,837 shares of the bank’s stock worth $369,000 after buying an additional 2,010 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Regions Financial during the 3rd quarter valued at approximately $56,000. Tidal Investments LLC lifted its holdings in Regions Financial by 2.0% in the third 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. Finally, Synovus Financial Corp grew its position in Regions Financial by 55.9% in the third quarter. Synovus Financial Corp now owns 375,572 shares of the bank’s stock worth $8,762,000 after acquiring an additional 134,615 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 3,343 shares of company stock worth $74,348 in the last quarter. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RF shares. JPMorgan Chase & Co. decreased their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Truist Financial decreased their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Barclays upped their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Morgan Stanley decreased their target price on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, April 7th. Finally, Citigroup dropped their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and a consensus price target of $26.42.

Regions Financial Stock Up 0.5 %

Shares of NYSE RF opened at $19.26 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The business has a 50-day moving average of $21.69 and a two-hundred day moving average of $23.58.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Monday, June 2nd. Regions Financial’s payout ratio is currently 51.55%.

About Regions Financial

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.