Regions Financial Corporation (NYSE:RF) Short Interest Update

Regions Financial Corporation (NYSE:RF) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 52,970,376 shares, a drop of 17.8% from the December 31st total of 64,478,093 shares. Based on an average daily trading volume, of 14,235,456 shares, the short-interest ratio is currently 3.7 days. Approximately 6.1% of the company’s stock are sold short. Approximately 6.1% of the company’s stock are sold short. Based on an average daily trading volume, of 14,235,456 shares, the short-interest ratio is currently 3.7 days.

Regions Financial Stock Performance

Shares of Regions Financial stock traded up $0.71 on Tuesday, hitting $29.83. 18,509,186 shares of the company’s stock were exchanged, compared to its average volume of 15,151,222. Regions Financial has a 1 year low of $17.74 and a 1 year high of $29.89. The company has a 50-day simple moving average of $27.54 and a 200-day simple moving average of $26.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $26.16 billion, a PE ratio of 13.03, a PEG ratio of 1.03 and a beta of 1.04.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 16th. The bank reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.Regions Financial’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, equities analysts anticipate that Regions Financial will post 2.26 EPS for the current year.

Regions Financial announced that its board has initiated a stock buyback program on Wednesday, December 10th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the bank to purchase up to 12.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RF shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $32.00 price target on shares of Regions Financial in a report on Tuesday, January 6th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $31.00 target price on shares of Regions Financial in a research note on Tuesday, January 20th. Truist Financial lifted their price target on shares of Regions Financial from $26.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, December 22nd. Stephens restated an “equal weight” rating and set a $27.00 price objective (down previously from $30.00) on shares of Regions Financial in a research report on Tuesday, October 14th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Regions Financial has an average rating of “Hold” and an average target price of $29.27.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP William D. Ritter sold 36,000 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $28.78, for a total value of $1,036,080.00. Following the sale, the executive vice president directly owned 17,569 shares of the company’s stock, valued at approximately $505,635.82. The trade was a 67.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Regions Financial

A number of hedge funds have recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in shares of Regions Financial during the 2nd quarter valued at $25,000. CVA Family Office LLC raised its holdings in Regions Financial by 163.2% during the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after acquiring an additional 656 shares during the period. United Community Bank bought a new stake in Regions Financial during the third quarter valued at about $30,000. Spire Wealth Management lifted its position in shares of Regions Financial by 91.5% in the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after acquiring an additional 557 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Regions Financial by 260.4% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after acquiring an additional 854 shares during the period. 79.39% of the stock is currently owned by institutional investors.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.