Regions Financial Co. (NYSE:RF) Shares Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP increased its holdings in shares of Regions Financial Co. (NYSE:RF) by 485.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,870 shares of the bank’s stock after acquiring an additional 50,471 shares during the quarter. Qsemble Capital Management LP’s holdings in Regions Financial were worth $1,420,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RF. EntryPoint Capital LLC purchased a new position in Regions Financial during the first quarter worth approximately $26,000. California State Teachers Retirement System boosted its position in shares of Regions Financial by 3.3% during the 1st quarter. California State Teachers Retirement System now owns 1,716,488 shares of the bank’s stock valued at $36,115,000 after acquiring an additional 54,309 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Regions Financial by 7.6% in the first quarter. Tidal Investments LLC now owns 104,771 shares of the bank’s stock valued at $2,204,000 after purchasing an additional 7,422 shares during the period. LBP AM SA acquired a new stake in Regions Financial during the first quarter worth about $3,643,000. Finally, Heartland Bank & Trust Co purchased a new position in Regions Financial during the first quarter worth about $210,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and raised their target price for the stock 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 stock a “buy” rating in a report on Thursday, November 21st. Barclays boosted their price target on shares of Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group raised their target price on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Regions Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.41.

Regions Financial Price Performance

Shares of NYSE RF opened at $27.47 on Tuesday. Regions Financial Co. has a 1-year low of $15.79 and a 1-year high of $27.96. The firm has a market capitalization of $24.97 billion, a PE 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 current ratio of 0.84 and a quick ratio of 0.83. The business’s fifty day moving average price is $24.16 and its two-hundred day moving average price is $21.91.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, research analysts expect that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

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.