Elo Mutual Pension Insurance Co Purchases 954 Shares of Regions Financial Co. (NYSE:RF)

Elo Mutual Pension Insurance Co boosted its holdings in shares of Regions Financial Co. (NYSE:RF) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,586 shares of the bank’s stock after acquiring an additional 954 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Regions Financial were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RF. Y.D. More Investments Ltd raised its holdings in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after acquiring an additional 634 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at about $28,000. Picton Mahoney Asset Management lifted its holdings in shares of Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,201 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Regions Financial during the fourth quarter worth about $32,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Regions Financial during the third quarter worth about $37,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders acquired 3,993 shares of company stock valued at $89,682. 0.29% of the stock is owned by company insiders.

Regions Financial Stock Performance

Shares of RF stock opened at $21.42 on Friday. The company has a market capitalization of $19.39 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The company has a 50-day simple moving average of $23.25 and a 200 day simple moving average of $23.93.

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

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio is currently 51.55%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RF shares. Barclays upped 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. Morgan Stanley restated an “equal weight” rating and set a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Citigroup lowered their price target on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Truist Financial reduced their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, Piper Sandler lifted their target price on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.17.

About Regions Financial

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.