Insider Buying: Regions Financial Co. (NYSE:RF) Director Purchases 549 Shares of Stock

Regions Financial Co. (NYSE:RF - Get Free Report) Director Jose S. Suquet bought 549 shares of the business's stock in a transaction on Tuesday, January 28th. The stock was bought at an average price of $24.70 per share, with a total value of $13,560.30. Following the purchase, the director now owns 33,791 shares in the company, valued at $834,637.70. This trade represents a 1.65 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Regions Financial Stock Performance

Shares of NYSE RF traded up $0.12 during trading on Monday, reaching $23.58. 357,145 shares of the company traded hands, compared to its average volume of 7,782,832. The firm has a 50 day simple moving average of $24.06 and a 200-day simple moving average of $24.04. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The stock has a market capitalization 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 company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly 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. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently announced 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 of this dividend is Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) is 51.55%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Quarry LP lifted its position in shares of Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank's stock valued at $40,000 after acquiring an additional 394 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after purchasing an additional 420 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock valued at $581,000 after purchasing an additional 429 shares in the last quarter. Prossimo Advisors LLC lifted its position in shares of Regions Financial by 2.3% in the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after buying an additional 430 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in Regions Financial by 1.8% during the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after buying an additional 436 shares in the last quarter. Institutional investors own 79.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RF shares. Morgan Stanley restated an "equal weight" rating and issued a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. The Goldman Sachs Group boosted their target price on Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Citigroup lifted their price target on Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Truist Financial lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, January 21st. Finally, Compass Point increased their target price on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus 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.