Regions Financial Corporation $RF Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its position in Regions Financial Corporation (NYSE:RF) by 24.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 127,424 shares of the bank’s stock after purchasing an additional 24,957 shares during the quarter. QRG Capital Management Inc.’s holdings in Regions Financial were worth $3,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss Life Asset Management Ltd boosted its position in Regions Financial by 244.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after acquiring an additional 1,600,926 shares during the period. Schroder Investment Management Group increased its holdings in shares of Regions Financial by 11.2% during the third quarter. Schroder Investment Management Group now owns 1,732,045 shares of the bank’s stock valued at $45,899,000 after purchasing an additional 173,871 shares during the period. Interval Partners LP increased its holdings in shares of Regions Financial by 30.5% during the third quarter. Interval Partners LP now owns 786,307 shares of the bank’s stock valued at $20,735,000 after purchasing an additional 183,694 shares during the period. Korea Investment CORP raised its stake in shares of Regions Financial by 177.2% during the third quarter. Korea Investment CORP now owns 2,407,473 shares of the bank’s stock valued at $63,485,000 after purchasing an additional 1,538,827 shares in the last quarter. Finally, Waterloo Capital L.P. raised its stake in shares of Regions Financial by 123.7% during the fourth quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock valued at $3,683,000 after purchasing an additional 75,149 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

More Regions Financial News

Here are the key news stories impacting Regions Financial this week:

• Positive Sentiment: UBS Group raised its price target on Regions Financial to $33 from $29, implying additional upside from current levels, while keeping a neutral rating. UBS price target raise on Regions Financial
• Positive Sentiment: JPMorgan also increased its target to $31.50 from $29, signaling slightly better valuation expectations despite maintaining a neutral stance. JPMorgan price target raise on Regions Financial
• Neutral Sentiment: Zacks highlighted Regions Financial as a possible dividend stock pick, which may support sentiment but did not include any new fundamental catalyst. Zacks article on Regions Financial
• Negative Sentiment: DA Davidson downgraded Regions Financial to neutral from buy and trimmed its target to $33 from $35, suggesting less enthusiasm for the stock’s near-term upside. DA Davidson downgrade on Regions Financial
• Negative Sentiment: Wells Fargo and Robert W. Baird both maintained cautious views, with Wells Fargo reiterating an underweight rating and Baird reaffirming underperform, reinforcing downside concerns among some analysts. Analyst caution on Regions Financial

Analyst Ratings Changes

RF has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday. Piper Sandler dropped their price target on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Evercore reaffirmed an “underperform” rating and issued a $31.00 price target on shares of Regions Financial in a research note on Monday. Morgan Stanley increased their price objective on shares of Regions Financial from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Finally, Wells Fargo & Company raised their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.16.

Insider Buying and Selling at Regions Financial

In related news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Regions Financial Price Performance

Shares of NYSE RF traded up $0.17 during midday trading on Tuesday, reaching $30.65. The company’s stock had a trading volume of 727,843 shares, compared to its average volume of 12,815,045. 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 50 day moving average price of $28.42 and a 200 day moving average price of $28.03. Regions Financial Corporation has a one year low of $22.70 and a one year high of $31.53. The company has a market cap of $26.15 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00.

Regions Financial (NYSE:RF) last released its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. On average, equities research analysts expect that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, June 1st. Regions Financial’s dividend payout ratio is 44.17%.

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.