United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Shares in Regions Financial Co. (NYSE:RF)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Regions Financial Co. (NYSE:RF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,500 shares of the bank’s stock, valued at approximately $741,000.

Several other hedge funds have also recently made changes to their positions in the business. Y.D. More Investments Ltd raised its position in Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC bought a new position in shares of Regions Financial during the 4th quarter valued at approximately $28,000. Picton Mahoney Asset Management raised its holdings in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after buying an additional 1,201 shares during the period. Millstone Evans Group LLC purchased a new position in Regions Financial during the fourth quarter worth $32,000. Finally, Truvestments Capital LLC bought a new position in Regions Financial during the third quarter valued at $37,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Piper Sandler upped their price objective on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Finally, Citigroup lowered their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of “Moderate Buy” and a consensus target price of $27.28.

Insider Buying and Selling at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have acquired 3,993 shares of company stock valued at $89,682. 0.29% of the stock is owned by insiders.

Regions Financial Trading Up 0.8 %

Regions Financial stock opened at $22.44 on Wednesday. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The stock has a market cap of $20.32 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a 50-day moving average of $23.40 and a two-hundred day moving average of $23.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.86 billion. During the same quarter last year, the company posted $0.39 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.46%. Regions Financial’s dividend payout ratio is presently 51.55%.

Regions Financial Company 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.