Jose S. Suquet Purchases 525 Shares of Regions Financial Co. (NYSE:RF) Stock

Regions Financial Co. (NYSE:RF - Get Free Report) Director Jose S. Suquet acquired 525 shares of the firm's stock in a transaction on Monday, January 13th. The shares were bought at an average cost of $23.57 per share, with a total value of $12,374.25. Following the completion of the transaction, the director now directly owns 32,707 shares in the company, valued at $770,903.99. This trade represents a 1.63 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Regions Financial Stock Performance

Shares of Regions Financial stock traded up $0.12 during trading on Monday, hitting $23.58. 357,145 shares of the stock were exchanged, compared to its average volume of 7,782,832. The stock has a market cap of $21.35 billion, a PE ratio of 12.17, a P/E/G ratio of 1.93 and a beta of 1.20. The stock's fifty day moving average is $24.06 and its 200 day moving average is $24.04. Regions Financial Co. has a 12 month low of $17.72 and a 12 month 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.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for 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%. The firm's revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. As a group, sell-side analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Monday, March 3rd. Regions Financial's dividend payout ratio is currently 51.55%.

Institutional Investors Weigh In On Regions Financial

Several institutional investors have recently bought and sold shares of the stock. Citigroup Inc. boosted its stake in Regions Financial by 20.0% during the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank's stock valued at $35,445,000 after buying an additional 253,708 shares in the last quarter. Aprio Wealth Management LLC acquired a new stake in Regions Financial in the 4th quarter valued at about $1,247,000. Nordea Investment Management AB boosted its position in shares of Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock valued at $6,220,000 after purchasing an additional 99,115 shares in the last quarter. Commerce Bank grew its stake in shares of Regions Financial by 392.5% in the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank's stock worth $5,793,000 after purchasing an additional 197,900 shares during the last quarter. Finally, Vest Financial LLC raised its holdings in shares of Regions Financial by 20.4% in the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock worth $34,806,000 after purchasing an additional 250,729 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Wall Street Analyst Weigh In

RF has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Morgan Stanley reissued an "equal weight" rating and issued a $32.00 price target (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Piper Sandler upped their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their target price on shares of Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, November 15th. Finally, Compass Point boosted their target price on Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Regions Financial has an average rating of "Moderate Buy" and an average target price of $27.67.

About Regions Financial

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.