Traders Purchase Large Volume of Regions Financial Call Options (NYSE:RF)

Regions Financial Co. (NYSE:RF) saw some unusual options trading on Friday. Traders acquired 19,223 call options on the stock. This is an increase of 822% compared to the typical volume of 2,084 call options.

Institutional Investors Weigh In On Regions Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. American National Bank & Trust lifted its position in shares of Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares in the last quarter. Quarry LP lifted its holdings in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Regions Financial by 530.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after buying an additional 1,256 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Regions Financial in the 3rd quarter valued at $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Regions Financial in the 3rd quarter valued at $37,000. Institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

RF has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Wedbush upped their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. DA Davidson lifted their target price on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Citigroup boosted their price target on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group raised 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Regions Financial Trading Up 0.0 %

Shares of RF stock opened at $27.26 on Friday. The company has a market capitalization of $24.78 billion, a P/E ratio of 15.40, a P/E/G ratio of 2.82 and a beta of 1.16. Regions Financial has a 12-month low of $16.51 and a 12-month high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $24.50 and a 200 day moving average price of $22.08.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm 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 firm posted $0.49 EPS. The business’s revenue was down 3.7% on a year-over-year basis. Research analysts forecast that Regions Financial will post 2.12 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors 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 dividend on an annualized basis and a dividend yield of 3.67%. Regions Financial’s dividend payout ratio is 56.50%.

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.