MUFG Securities EMEA plc Grows Holdings in Regions Financial Corporation $RF

MUFG Securities EMEA plc grew its stake in Regions Financial Corporation (NYSE:RF) by 110.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,948 shares of the bank’s stock after acquiring an additional 18,869 shares during the period. MUFG Securities EMEA plc’s holdings in Regions Financial were worth $974,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. AGF Management Ltd. purchased a new stake in Regions Financial during the 3rd quarter worth approximately $1,669,000. American Century Companies Inc. increased its stake in Regions Financial by 85.9% during the 3rd quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock worth $121,976,000 after buying an additional 2,137,062 shares during the period. Jones Financial Companies Lllp increased its stake in Regions Financial by 16.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,113,450 shares of the bank’s stock worth $29,648,000 after buying an additional 161,118 shares during the period. Stevens Capital Management LP increased its stake in Regions Financial by 355.9% during the 3rd quarter. Stevens Capital Management LP now owns 42,850 shares of the bank’s stock worth $1,130,000 after buying an additional 33,450 shares during the period. Finally, ABC Arbitrage SA purchased a new stake in Regions Financial during the 3rd quarter worth approximately $860,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Regions Financial Trading Up 2.5%

Shares of NYSE:RF opened at $28.03 on Wednesday. Regions Financial Corporation has a 52 week low of $21.00 and a 52 week high of $31.53. The company’s 50 day moving average is $27.27 and its two-hundred day moving average is $27.42. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The company has a market cap of $23.92 billion, a PE ratio of 11.68, a P/E/G ratio of 1.07 and a beta of 1.00.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities analysts predict that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a $0.265 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.8%. Regions Financial’s dividend payout ratio is currently 44.17%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RF. DA Davidson upped their target price on shares of Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Truist Financial reaffirmed a “hold” rating and set a $30.00 target price on shares of Regions Financial in a research note on Tuesday, April 21st. JPMorgan Chase & Co. cut their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Royal Bank Of Canada upped their target price on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, Morgan Stanley cut their target price on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial presently has an average rating of “Hold” and an average target price of $30.47.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.