Insider Buying: Regions Financial Co. (NYSE:RF) Director Buys 494 Shares of Stock

Regions Financial Co. (NYSE:RF) Director Jose S. Suquet purchased 494 shares of Regions Financial stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average cost of $24.44 per share, for a total transaction of $12,073.36. Following the transaction, the director now directly owns 33,242 shares of the company’s stock, valued at $812,434.48. This represents a 1.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Regions Financial Trading Up 1.3 %

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 twelve month low of $17.72 and a twelve month high of $27.96. The company has a market cap 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. The business’s fifty day moving average is $24.06 and its 200 day moving average is $24.00.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business posted $0.39 EPS. Regions Financial’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is 51.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RF shares. Truist Financial increased their price target on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Compass Point increased their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group increased their price target on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays increased their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company increased their price target on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Institutional Investors Weigh In On Regions Financial

Several hedge funds have recently modified their holdings of the company. Y.D. More Investments Ltd raised its position in Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares during the last quarter. Sierra Ocean LLC bought a new position in Regions Financial during the 4th quarter worth $28,000. Picton Mahoney Asset Management raised its position in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after purchasing an additional 1,201 shares during the last quarter. Millstone Evans Group LLC bought a new position in Regions Financial during the 4th quarter worth $32,000. Finally, Truvestments Capital LLC bought a new position in Regions Financial during the 3rd quarter worth $37,000. 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.