Farringdon Capital Ltd. Acquires New Shares in Regions Financial Co. (NYSE:RF)

Farringdon Capital Ltd. acquired a new stake in Regions Financial Co. (NYSE:RF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,307 shares of the bank's stock, valued at approximately $595,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Orion Portfolio Solutions LLC bought a new position in Regions Financial during the third quarter worth $210,000. World Investment Advisors LLC boosted its position in shares of Regions Financial by 14.5% during the 3rd quarter. World Investment Advisors LLC now owns 15,837 shares of the bank's stock valued at $369,000 after purchasing an additional 2,010 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Regions Financial during the third quarter worth approximately $56,000. Tidal Investments LLC increased its holdings in Regions Financial by 2.0% in the third quarter. Tidal Investments LLC now owns 127,326 shares of the bank's stock worth $2,971,000 after purchasing an additional 2,531 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in Regions Financial by 55.9% in the third quarter. Synovus Financial Corp now owns 375,572 shares of the bank's stock valued at $8,762,000 after buying an additional 134,615 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired a total of 3,343 shares of company stock worth $74,348 in the last 90 days. Company insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Barclays upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Citigroup reduced their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Morgan Stanley dropped their price objective on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Finally, Truist Financial cut their price objective on shares of 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. Based on data from MarketBeat.com, Regions Financial has a consensus rating of "Moderate Buy" and a consensus target price of $26.42.

Regions Financial Price Performance

NYSE:RF traded up $0.09 during mid-day trading on Friday, reaching $19.26. The stock had a trading volume of 18,651,917 shares, compared to its average volume of 8,135,804. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. 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 firm has a 50 day moving average price of $21.59 and a two-hundred day moving average price of $23.56. The stock has a market capitalization of $17.44 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the firm earned $0.37 earnings per share. As a group, analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 5.19%. Regions Financial's payout ratio is presently 48.08%.

Regions Financial 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.