Regions Financial Co. (NYSE:RF) Director Jose S. Suquet Purchases 530 Shares

Regions Financial Co. (NYSE:RF) Director Jose S. Suquet acquired 530 shares of Regions Financial stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of $23.75 per share, with a total value of $12,587.50. Following the completion of the acquisition, the director now owns 32,156 shares of the company’s stock, valued at $763,705. This trade represents a 1.68 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Regions Financial Price Performance

NYSE:RF opened at $23.71 on Monday. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.93 and a beta of 1.20. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The stock has a fifty day moving average of $24.06 and a 200 day moving average of $24.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, research analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.22%. Regions Financial’s dividend payout ratio is currently 51.55%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company increased their price objective on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Citigroup increased their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Truist Financial increased their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. The Goldman Sachs Group increased their price objective on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Compass Point raised their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RF. AMF Tjanstepension AB purchased a new position in shares of Regions Financial in the third quarter worth about $6,281,000. Private Advisor Group LLC increased its holdings in shares of Regions Financial by 1.8% in the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after buying an additional 429 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Regions Financial by 2,128.2% in the third quarter. International Assets Investment Management LLC now owns 98,797 shares of the bank’s stock worth $2,305,000 after buying an additional 94,363 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Regions Financial by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 151,663 shares of the bank’s stock worth $3,538,000 after purchasing an additional 7,811 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Regions Financial by 1.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 277,006 shares of the bank’s stock worth $6,367,000 after purchasing an additional 4,963 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

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.