Integrated Quantitative Investments LLC Buys New Stake in Regions Financial Co. (NYSE:RF)

Integrated Quantitative Investments LLC bought a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,500 shares of the bank's stock, valued at approximately $365,000.

A number of other hedge funds also recently bought and sold shares of the business. Prudential PLC increased its stake in Regions Financial by 241.9% during the 4th quarter. Prudential PLC now owns 60,573 shares of the bank's stock valued at $1,425,000 after purchasing an additional 42,858 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in Regions Financial by 5.0% in the fourth quarter. Thoroughbred Financial Services LLC now owns 48,875 shares of the bank's stock worth $1,149,000 after purchasing an additional 2,314 shares during the last quarter. Huber Capital Management LLC grew its position in Regions Financial by 21.9% in the 4th quarter. Huber Capital Management LLC now owns 281,845 shares of the bank's stock worth $6,629,000 after purchasing an additional 50,600 shares during the period. World Investment Advisors raised its stake in Regions Financial by 5.8% during the 4th quarter. World Investment Advisors now owns 16,749 shares of the bank's stock valued at $397,000 after buying an additional 912 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Regions Financial by 1.9% during the 4th quarter. Huntington National Bank now owns 101,459 shares of the bank's stock valued at $2,386,000 after buying an additional 1,860 shares during the period. Hedge funds and other institutional investors own 79.39% of the company's stock.

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Insider Buying and Selling

In related news, Director Joia M. Johnson bought 2,300 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now owns 17,486 shares of the company's stock, valued at $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 3,868 shares of company stock valued at $86,722 over the last three months. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RF has been the subject of a number of research reports. Citigroup reduced their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. JPMorgan Chase & Co. reduced their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. 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 report on Monday. Truist Financial reduced their target price on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, Barclays lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of "Moderate Buy" and an average price target of $26.42.

Regions Financial Price Performance

Shares of Regions Financial stock traded down $1.46 during trading on Thursday, reaching $18.54. 4,896,371 shares of the stock traded hands, compared to its average volume of 8,033,477. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 1.93 and a beta of 1.01. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The business has a fifty day simple moving average of $22.31 and a two-hundred day simple moving average of $23.74.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. Sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

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

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.