Skandinaviska Enskilda Banken AB publ Acquires 70,100 Shares of Regions Financial Co. (NYSE:RF)

Skandinaviska Enskilda Banken AB publ raised its holdings in Regions Financial Co. (NYSE:RF) by 38.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 254,412 shares of the bank’s stock after acquiring an additional 70,100 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Regions Financial were worth $6,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RF. Assetmark Inc. boosted its stake in Regions Financial by 6.8% in the third quarter. Assetmark Inc. now owns 18,637 shares of the bank’s stock valued at $435,000 after acquiring an additional 1,184 shares during the last quarter. Atria Investments Inc raised its holdings in Regions Financial by 4.1% in the third quarter. Atria Investments Inc now owns 19,100 shares of the bank’s stock worth $446,000 after purchasing an additional 754 shares during the period. Versor Investments LP acquired a new stake in Regions Financial in the third quarter worth $350,000. Apollon Wealth Management LLC raised its holdings in Regions Financial by 23.5% in the third quarter. Apollon Wealth Management LLC now owns 20,287 shares of the bank’s stock worth $473,000 after purchasing an additional 3,863 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Regions Financial by 6.8% in the third quarter. CIBC Asset Management Inc now owns 157,600 shares of the bank’s stock worth $3,677,000 after purchasing an additional 10,026 shares during the period. 79.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Compass Point increased their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays boosted their price target on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. The Goldman Sachs Group increased their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial boosted their target price on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Finally, Citigroup cut their target price on Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and an average price target of $27.56.

Insider Buying and Selling

In other news, Director Joia M. Johnson purchased 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company’s stock, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have acquired 4,523 shares of company stock valued at $102,269. 0.29% of the stock is owned by insiders.

Regions Financial Stock Up 2.9 %

RF stock opened at $21.45 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $19.42 billion, a PE ratio of 11.05, a PEG ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The business’s 50 day simple moving average is $23.67 and its 200 day simple moving average is $24.00.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business 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 firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s payout ratio is presently 51.55%.

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.