Jose S. Suquet Buys 525 Shares of Regions Financial Co. (NYSE:RF) Stock

Regions Financial Co. (NYSE:RF) Director Jose S. Suquet purchased 525 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of $23.57 per share, with a total value of $12,374.25. Following the purchase, the director now owns 32,707 shares in the company, valued at $770,903.99. This trade represents a 1.63 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Regions Financial Stock Up 1.3 %

Shares of NYSE RF opened at $23.71 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The firm has a 50-day moving average price of $24.06 and a 200 day moving average price of $24.02. The stock has a market capitalization of $21.47 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RF shares. Truist Financial increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. The Goldman Sachs Group upped their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler upped their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Citigroup upped their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Hedge Funds Weigh In On Regions Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RF. AMF Tjanstepension AB acquired a new position in Regions Financial during the third quarter worth about $6,281,000. Private Advisor Group LLC raised its position in Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after acquiring an additional 429 shares during the last quarter. International Assets Investment Management LLC raised its position in Regions Financial by 2,128.2% during the third quarter. International Assets Investment Management LLC now owns 98,797 shares of the bank’s stock worth $2,305,000 after acquiring an additional 94,363 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Regions Financial by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 151,663 shares of the bank’s stock worth $3,538,000 after acquiring an additional 7,811 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Regions Financial by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 277,006 shares of the bank’s stock worth $6,367,000 after acquiring an additional 4,963 shares during the last quarter. Institutional investors and hedge funds 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.