Jefferies Financial Group Inc. Sells 31,543 Shares of Regions Financial Corporation $RF

Jefferies Financial Group Inc. lowered its holdings in Regions Financial Corporation (NYSE:RF) by 21.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,023 shares of the bank’s stock after selling 31,543 shares during the period. Jefferies Financial Group Inc.’s holdings in Regions Financial were worth $3,086,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of RF. Centaurus Financial Inc. increased its position in shares of Regions Financial by 3.9% in the second quarter. Centaurus Financial Inc. now owns 10,230 shares of the bank’s stock worth $241,000 after purchasing an additional 382 shares during the last quarter. Fairvoy Private Wealth LLC lifted its position in Regions Financial by 1.9% during the third quarter. Fairvoy Private Wealth LLC now owns 23,670 shares of the bank’s stock valued at $624,000 after purchasing an additional 449 shares during the last quarter. Southeast Asset Advisors LLC lifted its position in Regions Financial by 0.5% during the third quarter. Southeast Asset Advisors LLC now owns 103,704 shares of the bank’s stock valued at $2,735,000 after purchasing an additional 474 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Regions Financial by 11.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,896 shares of the bank’s stock worth $129,000 after buying an additional 485 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Regions Financial by 0.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 75,163 shares of the bank’s stock worth $1,982,000 after buying an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of NYSE:RF opened at $26.76 on Wednesday. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.95 and a beta of 1.02. The company has a 50-day moving average price of $28.66 and a 200-day moving average price of $26.91. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $31.53.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 16th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, March 2nd. Regions Financial’s dividend payout ratio (DPR) is presently 46.29%.

Regions Financial declared that its board has initiated a share repurchase program on Wednesday, December 10th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the bank to reacquire up to 12.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley set a $31.00 target price on shares of Regions Financial in a research report on Monday, January 19th. Truist Financial lifted their price target on Regions Financial from $26.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, December 22nd. UBS Group reiterated a “neutral” rating and issued a $30.00 price objective on shares of Regions Financial in a report on Wednesday, February 4th. Piper Sandler increased their price target on shares of Regions Financial from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Regions Financial in a research note on Tuesday, January 6th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and an average target price of $29.97.

Insider Activity at Regions Financial

In related news, EVP William D. Ritter sold 36,000 shares of Regions Financial stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $28.78, for a total transaction of $1,036,080.00. Following the sale, the executive vice president directly owned 17,569 shares in the company, valued at $505,635.82. The trade was a 67.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by 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.