Regions Financial Corporation $RF Shares Purchased by Kentucky Retirement Systems

Kentucky Retirement Systems raised its position in Regions Financial Corporation (NYSE:RF) by 101.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,733 shares of the bank’s stock after purchasing an additional 57,330 shares during the quarter. Kentucky Retirement Systems’ holdings in Regions Financial were worth $2,971,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on Regions Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a report on Monday, July 20th. Jefferies Financial Group reiterated a “hold” rating and set a $32.00 price target on shares of Regions Financial in a research note on Friday, July 17th. Morgan Stanley increased their price target on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $34.00 price objective on shares of Regions Financial in a research note on Monday, July 20th. Finally, Evercore restated an “underperform” rating and issued a $31.00 price objective on shares of Regions Financial in a report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.24.

Regions Financial Trading Down 0.3%

NYSE RF opened at $30.85 on Friday. Regions Financial Corporation has a 52 week low of $22.70 and a 52 week high of $32.47. The firm has a 50 day moving average of $29.65 and a two-hundred day moving average of $28.43. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $26.33 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.18 and a beta of 1.00.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. As a group, research analysts expect that Regions Financial Corporation will post 2.63 EPS for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.9%. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial’s dividend payout ratio is currently 43.27%.

Regions Financial 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.