Regions Financial Co. (NYSE:RF) Director Jose S. Suquet Acquires 494 Shares of Stock

Regions Financial Co. (NYSE:RF) Director Jose S. Suquet bought 494 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average cost of $24.44 per share, with a total value of $12,073.36. Following the completion of the purchase, the director now owns 33,242 shares of the company’s stock, valued at approximately $812,434.48. This trade represents a 1.51 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Regions Financial Stock Performance

RF opened at $23.71 on Friday. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The firm has a market capitalization of $21.47 billion, a PE ratio of 12.22, a PEG ratio of 1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The business’s 50-day simple moving average is $24.06 and its 200 day simple moving average is $24.00.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (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 analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. As a group, sell-side analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.22%. Regions Financial’s dividend payout ratio is 51.55%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays boosted their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Piper Sandler upped their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group upped their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Compass Point upped their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Truist Financial upped their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Institutional Trading of Regions Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd increased its stake in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC bought a new position in shares of Regions Financial during the fourth quarter worth approximately $28,000. Picton Mahoney Asset Management increased its stake in shares of Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after purchasing an additional 1,201 shares during the period. Millstone Evans Group LLC bought a new position in shares of Regions Financial during the fourth quarter worth approximately $32,000. Finally, Truvestments Capital LLC bought a new position in shares of Regions Financial during the third quarter worth approximately $37,000. Institutional investors 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.