Dynamic Technology Lab Private Ltd Invests $2.23 Million in Regions Financial Co. (NYSE:RF)

Dynamic Technology Lab Private Ltd bought a new stake in Regions Financial Co. (NYSE:RF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 94,599 shares of the bank's stock, valued at approximately $2,225,000. Regions Financial makes up about 0.4% of Dynamic Technology Lab Private Ltd's investment portfolio, making the stock its 20th biggest position.

Several other hedge funds have also bought and sold shares of RF. Y.D. More Investments Ltd raised its stake in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after acquiring an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Regions Financial during the fourth quarter valued at about $28,000. Picton Mahoney Asset Management grew its stake in shares of Regions Financial by 2,354.9% during the fourth 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 last quarter. Millstone Evans Group LLC purchased a new position in shares of Regions Financial in the fourth quarter worth about $32,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Regions Financial in the 3rd quarter valued at about $37,000. 79.39% of the stock is currently owned by institutional investors.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 3,868 shares of company stock worth $86,722 over the last quarter. Company insiders own 0.29% of the company's stock.

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Regions Financial Stock Down 7.3 %

Shares of NYSE RF traded down $1.46 during trading on Thursday, reaching $18.54. The company had a trading volume of 5,820,605 shares, compared to its average volume of 8,036,859. The business's 50-day moving average is $22.31 and its 200 day moving average is $23.74. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The stock has a market cap of $16.78 billion, a PE ratio of 9.54, a P/E/G ratio of 1.93 and a beta of 1.01. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the company posted $0.39 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 5.39%. Regions Financial's payout ratio is 51.55%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RF. Wells Fargo & Company reduced their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Citigroup decreased their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Morgan Stanley dropped their price target on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday. Barclays increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. Finally, Truist Financial reduced their price target on Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Regions Financial presently has an average rating of "Moderate Buy" and a consensus price target of $26.42.

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.