71,121 Shares in Regions Financial Co. (NYSE:RF) Acquired by DRW Securities LLC

DRW Securities LLC purchased a new position in Regions Financial Co. (NYSE:RF) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 71,121 shares of the bank’s stock, valued at approximately $1,659,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. EntryPoint Capital LLC purchased a new stake in Regions Financial during the 1st quarter valued at $26,000. American National Bank & Trust boosted its stake in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares during the last quarter. Quarry LP boosted its stake in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Regions Financial during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $27.47 on Tuesday. Regions Financial Co. has a one year low of $15.79 and a one year high of $27.96. The stock’s fifty day moving average is $24.16 and its 200 day moving average is $21.91. The stock has a market cap of $24.97 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.83 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $0.49 earnings per share. Regions Financial’s revenue for the quarter was down 3.7% compared to the same quarter last year. Sell-side analysts anticipate that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.64%. Regions Financial’s payout ratio is presently 56.50%.

Wall Street Analysts Forecast Growth

RF has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and increased their target price for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Citigroup increased their price target on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Truist Financial increased their price target on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $24.00 to $26.00 in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.41.

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.