Aprio Wealth Management LLC purchased a new position in shares of Regions Financial Co. (NYSE:RF – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 53,012 shares of the bank’s stock, valued at approximately $1,247,000.
A number of other institutional investors also recently bought and sold shares of RF. Citigroup Inc. raised its holdings in shares of Regions Financial by 20.0% during the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock worth $35,445,000 after purchasing an additional 253,708 shares during the last quarter. Commerce Bank grew its position in Regions Financial by 392.5% during the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock worth $5,793,000 after purchasing an additional 197,900 shares during the period. Nordea Investment Management AB raised its stake in shares of Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after buying an additional 99,115 shares during the last quarter. National Pension Service lifted its holdings in shares of Regions Financial by 6.3% in the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock valued at $40,175,000 after buying an additional 102,380 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Regions Financial by 575.8% in the third quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock worth $39,784,000 after buying an additional 1,452,956 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.
Regions Financial Stock Down 3.1 %
Shares of NYSE:RF opened at $23.07 on Monday. Regions Financial Co. has a 52-week low of $17.42 and a 52-week 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 business has a fifty day moving average of $25.17 and a two-hundred day moving average of $23.26. The stock has a market cap of $20.97 billion, a P/E ratio of 13.03, a PEG ratio of 2.61 and a beta of 1.21.
Regions Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 4.33%. Regions Financial’s dividend payout ratio (DPR) is 56.50%.
Analyst Ratings Changes
RF has been the subject of several recent research reports. DA Davidson lifted their price target on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. Evercore ISI raised their price target on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company upped their price target on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Finally, Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, October 24th. One research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.67.
Read Our Latest Analysis on Regions Financial
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.
Featured Articles
- Five stocks we like better than Regions Financial
- Using the MarketBeat Dividend Tax Calculator
- 3 Retail Stocks That Will Ring the Register in 2025
- How to Invest in the FAANG Stocks
- 3 Defensive Picks to Add Stability to Your Portfolio
- How to Plot Fibonacci Price Inflection Levels
- AppLovin’s AI Potential: Can the Momentum Continue?
Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.