Regions Financial Corporation $RF Shares Acquired by MUFG Securities EMEA plc

MUFG Securities EMEA plc grew its stake in Regions Financial Corporation (NYSE:RF) by 110.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,948 shares of the bank’s stock after buying an additional 18,869 shares during the period. MUFG Securities EMEA plc’s holdings in Regions Financial were worth $974,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. West Paces Advisors Inc. boosted its holdings in shares of Regions Financial by 4.0% in the 4th quarter. West Paces Advisors Inc. now owns 10,505 shares of the bank’s stock valued at $285,000 after buying an additional 405 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Regions Financial by 0.6% in the 4th quarter. Park Avenue Securities LLC now owns 79,012 shares of the bank’s stock valued at $2,141,000 after buying an additional 443 shares in the last quarter. Southeast Asset Advisors LLC boosted its stake in Regions Financial by 0.5% during the 3rd quarter. Southeast Asset Advisors LLC now owns 103,704 shares of the bank’s stock worth $2,735,000 after purchasing an additional 474 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in Regions Financial by 0.7% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 75,163 shares of the bank’s stock worth $1,982,000 after purchasing an additional 486 shares during the period. Finally, AMG National Trust Bank boosted its stake in Regions Financial by 0.7% during the 3rd quarter. AMG National Trust Bank now owns 75,310 shares of the bank’s stock worth $1,986,000 after purchasing an additional 487 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Up 2.5%

RF stock opened at $28.03 on Wednesday. Regions Financial Corporation has a one year low of $21.00 and a one year high of $31.53. The stock has a market capitalization of $23.92 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. The company has a fifty day moving average of $27.27 and a 200-day moving average of $27.42.

Regions Financial (NYSE:RF) last released its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the business earned $0.54 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, analysts expect that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, June 1st. Regions Financial’s dividend payout ratio (DPR) is currently 44.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DA Davidson increased their price target on shares of Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Truist Financial reiterated a “hold” rating and set a $30.00 price target on shares of Regions Financial in a research note on Tuesday, April 21st. Brean Capital assumed coverage on shares of Regions Financial in a research note on Thursday, March 12th. They set a “neutral” rating for the company. JPMorgan Chase & Co. decreased their price target on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada raised their target price on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.47.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.