Regions Financial Corporation $RF Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in shares of Regions Financial Corporation (NYSE:RF) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,021,803 shares of the bank’s stock after purchasing an additional 22,033 shares during the quarter. Hsbc Holdings PLC owned 0.23% of Regions Financial worth $54,831,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in Regions Financial in the second quarter valued at approximately $25,000. SouthState Bank Corp raised its position in Regions Financial by 94.1% during the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after buying an additional 538 shares during the last quarter. Spire Wealth Management raised its position in Regions Financial by 91.5% during the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after buying an additional 557 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Regions Financial by 260.4% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after acquiring an additional 854 shares during the period. Finally, Leonteq Securities AG acquired a new stake in Regions Financial during the 4th quarter valued at approximately $33,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

Regions Financial Stock Performance

Shares of RF stock opened at $28.77 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial Corporation has a 12-month low of $22.00 and a 12-month high of $31.53. The business’s 50 day moving average is $28.00 and its two-hundred day moving average is $27.80. The company has a market capitalization of $24.55 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.09 and a beta of 1.00.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Analysts expect that Regions Financial Corporation will post 2.6 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s payout ratio is presently 44.17%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler cut their price objective on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Stephens assumed coverage on shares of Regions Financial in a research report on Monday, June 15th. They set an “equal weight” rating and a $31.00 target price for the company. Truist Financial reaffirmed a “hold” rating and issued a $30.00 price target on shares of Regions Financial in a report on Tuesday, April 21st. Royal Bank Of Canada increased their price target on Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Morgan Stanley reduced their price objective on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.73.

Regions Financial Company Profile

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.