Russell Investments Group Ltd. Purchases 25,046 Shares of Regions Financial Corporation $RF

Russell Investments Group Ltd. raised its position in shares of Regions Financial Corporation (NYSE:RF) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,422,215 shares of the bank’s stock after buying an additional 25,046 shares during the period. Russell Investments Group Ltd. owned about 0.28% of Regions Financial worth $63,890,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in 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 valued at $241,000 after acquiring an additional 382 shares during the period. Fairvoy Private Wealth LLC boosted its holdings in shares of Regions Financial by 1.9% during the third quarter. Fairvoy Private Wealth LLC now owns 23,670 shares of the bank’s stock worth $624,000 after purchasing an additional 449 shares during the period. Southeast Asset Advisors LLC boosted its holdings in shares of Regions Financial by 0.5% during the third quarter. Southeast Asset Advisors LLC now owns 103,704 shares of the bank’s stock worth $2,735,000 after purchasing an additional 474 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of Regions Financial by 11.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,896 shares of the bank’s stock worth $129,000 after purchasing an additional 485 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of Regions Financial by 0.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 75,163 shares of the bank’s stock worth $1,982,000 after purchasing an additional 486 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

RF stock opened at $26.76 on Wednesday. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $31.53. The company has a market cap of $23.10 billion, a P/E ratio of 11.68, a PEG ratio of 0.95 and a beta of 1.02. The firm has a 50-day moving average of $28.66 and a 200 day moving average of $26.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 16th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. On average, sell-side analysts forecast 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

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Regions Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Evercore lowered Regions Financial from an “in-line” rating to an “underperform” rating and lifted their price objective for the stock from $27.00 to $29.00 in a research report on Tuesday, January 6th. UBS Group reissued a “neutral” rating and set a $30.00 target price on shares of Regions Financial in a research note on Wednesday, February 4th. The Goldman Sachs Group restated a “buy” rating and set a $32.00 target price on shares of Regions Financial in a report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $31.00 price target on shares of Regions Financial in a research note on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.

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.