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Regions Financial Sees Unusually Large Options Volume (NYSE:RF)

Regions Financial logo with Finance background

Regions Financial Co. (NYSE:RF - Get Free Report) was the recipient of some unusual options trading on Friday. Investors acquired 19,223 call options on the company. This represents an increase of 822% compared to the average volume of 2,084 call options.

Wall Street Analyst Weigh In

RF has been the topic of a number of analyst reports. Stephens upgraded Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research report on Tuesday, October 29th. Wedbush upped their price target on Regions Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. The Goldman Sachs Group boosted their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday. Wells Fargo & Company boosted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft raised Regions Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.71.

Check Out Our Latest Analysis on RF

Institutional Investors Weigh In On Regions Financial

Several large investors have recently modified their holdings of RF. State Street Corp raised its position in Regions Financial by 16.3% in the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank's stock valued at $1,306,813,000 after buying an additional 7,791,399 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Regions Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank's stock valued at $648,269,000 after buying an additional 816,226 shares during the last quarter. Geode Capital Management LLC raised its position in Regions Financial by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank's stock valued at $526,118,000 after buying an additional 315,605 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Regions Financial by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank's stock valued at $285,562,000 after buying an additional 979,597 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Regions Financial by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank's stock valued at $201,238,000 after buying an additional 1,014,706 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Trading Up 0.0 %

Shares of RF traded up $0.01 during trading hours on Friday, hitting $27.26. 4,016,607 shares of the stock traded hands, compared to its average volume of 7,907,174. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. Regions Financial has a 1-year low of $16.51 and a 1-year high of $27.96. The firm has a market capitalization of $24.78 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.82 and a beta of 1.16. The business has a fifty day moving average of $24.50 and a 200-day moving average of $22.08.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $0.49 earnings per share. The firm's revenue was down 3.7% compared to the same quarter last year. Analysts expect that Regions Financial will post 2.12 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.67%. Regions Financial's dividend payout ratio (DPR) is currently 56.50%.

Regions Financial Company Profile

(Get Free Report)

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.

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