Regions Financial Co. (NYSE:RF) Director Purchases $12,073.36 in Stock

Regions Financial Co. (NYSE:RF - Get Free Report) Director Jose S. Suquet bought 494 shares of the stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average cost of $24.44 per share, for a total transaction of $12,073.36. Following the purchase, the director now owns 33,242 shares in the company, valued at approximately $812,434.48. This represents a 1.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Regions Financial Trading Up 0.5 %

Shares of Regions Financial stock traded up $0.12 during trading hours on Monday, hitting $23.58. The company's stock had a trading volume of 357,145 shares, compared to its average volume of 7,782,832. 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 stock has a 50 day moving average of $24.06 and a 200 day moving average of $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 market capitalization of $21.35 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

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 for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business's revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

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

Hedge Funds Weigh In On Regions Financial

Several hedge funds have recently made changes to their positions in RF. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Regions Financial during the 4th quarter worth approximately $16,421,000. Brooklyn FI LLC bought a new stake in shares of Regions Financial during the fourth quarter worth approximately $337,000. XY Planning Network Inc. acquired a new position in shares of Regions Financial in the fourth quarter valued at approximately $280,000. LifeWealth Investments LLC bought a new position in shares of Regions Financial during the fourth quarter worth approximately $320,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Regions Financial by 17.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 20,210 shares of the bank's stock worth $480,000 after purchasing an additional 2,977 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RF has been the subject of several recent research reports. Compass Point boosted their price target on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Citigroup boosted their target price on shares of Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Piper Sandler lifted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Truist Financial raised their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group upped their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Regions Financial currently has a consensus rating of "Moderate Buy" and an average target price of $27.67.

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.