Insider Buying: Regions Financial Co. (NYSE:RF) Director Purchases 530 Shares of Stock

Regions Financial Co. (NYSE:RF - Get Free Report) Director Jose S. Suquet purchased 530 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of $23.75 per share, with a total value of $12,587.50. Following the acquisition, the director now directly owns 32,156 shares of the company's stock, valued at $763,705. This trade represents a 1.68 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Regions Financial Price Performance

Shares of NYSE:RF traded up $0.12 during midday trading on Monday, hitting $23.58. The company had a trading volume of 357,145 shares, compared to its average volume of 7,782,832. The business's 50-day simple moving average is $24.06 and its 200-day simple moving average is $24.04. The stock has a market cap of $21.35 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.82 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.39 EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.24%. Regions Financial's payout ratio is presently 51.55%.

Analyst Ratings Changes

Several research analysts recently issued reports on RF shares. Truist Financial upped their target price on Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, January 21st. Compass Point upped their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Barclays lifted their target price 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. 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 research note on Tuesday, November 26th. Finally, Wells Fargo & Company raised their target price on Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $27.67.

Institutional Trading of Regions Financial

Hedge funds have recently made changes to their positions in the business. AMF Tjanstepension AB purchased a new position in shares of Regions Financial in the 3rd quarter valued at about $6,281,000. Private Advisor Group LLC boosted its holdings in Regions Financial by 1.8% in 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. International Assets Investment Management LLC increased its stake in Regions Financial by 2,128.2% in the third quarter. International Assets Investment Management LLC now owns 98,797 shares of the bank's stock valued at $2,305,000 after purchasing an additional 94,363 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Regions Financial by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 151,663 shares of the bank's stock valued at $3,538,000 after purchasing an additional 7,811 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Regions Financial by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 277,006 shares of the bank's stock worth $6,367,000 after purchasing an additional 4,963 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

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.