Joia M. Johnson Acquires 2,300 Shares of Regions Financial Co. (NYSE:RF) Stock

Regions Financial Co. (NYSE:RF) Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction 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 completion of the purchase, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Regions Financial Stock Up 2.9 %

Shares of RF stock opened at $21.45 on Friday. The firm’s fifty day moving average price is $23.67 and its two-hundred day moving average price is $23.99. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The firm has a market capitalization of $19.42 billion, a P/E ratio of 11.05, a PEG ratio of 1.93 and a beta of 1.19. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $0.39 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal 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 given a $0.25 dividend. 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 dividend payout ratio (DPR) is presently 51.55%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RF. Citigroup cut their target price on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company increased their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. The Goldman Sachs Group increased their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Y.D. More Investments Ltd boosted its holdings in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares during the period. Sierra Ocean LLC bought a new stake in shares of Regions Financial during the 4th quarter worth about $28,000. Picton Mahoney Asset Management boosted its holdings in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after buying an additional 1,201 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Regions Financial during the 4th quarter worth about $32,000. Finally, Truvestments Capital LLC bought a new stake in shares of Regions Financial during the 3rd quarter worth about $37,000. Institutional investors own 79.39% of the company’s stock.

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.