Regions Financial Corporation $RF Shares Bought by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC lifted its holdings in shares of Regions Financial Corporation (NYSE:RF) by 85.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 38,714 shares of the bank’s stock after buying an additional 17,883 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Regions Financial were worth $1,021,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Centaurus Financial Inc. lifted its position in Regions Financial by 3.9% during the 2nd quarter. Centaurus Financial Inc. now owns 10,230 shares of the bank’s stock worth $241,000 after acquiring an additional 382 shares during the period. Fairvoy Private Wealth LLC lifted its holdings in shares of Regions Financial by 1.9% during the third quarter. Fairvoy Private Wealth LLC now owns 23,670 shares of the bank’s stock worth $624,000 after purchasing an additional 449 shares during the period. Southeast Asset Advisors LLC lifted its holdings in shares of Regions Financial by 0.5% during the third quarter. Southeast Asset Advisors LLC now owns 103,704 shares of the bank’s stock worth $2,735,000 after purchasing an additional 474 shares during the period. Wilmington Savings Fund Society FSB grew its position in Regions Financial by 11.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,896 shares of the bank’s stock valued at $129,000 after buying an additional 485 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in Regions Financial by 0.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 75,163 shares of the bank’s stock valued at $1,982,000 after buying an additional 486 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RF. Barclays raised their target price on shares of Regions Financial from $27.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, January 5th. Truist Financial raised their price objective on shares of Regions Financial from $26.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 22nd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $31.00 price target on shares of Regions Financial in a research note on Tuesday, January 20th. Piper Sandler increased their price objective on Regions Financial from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Finally, Wall Street Zen lowered shares of Regions Financial from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Regions Financial presently has an average rating of “Hold” and an average price target of $29.84.

Insiders Place Their Bets

In related news, EVP William D. Ritter sold 36,000 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $28.78, for a total transaction of $1,036,080.00. Following the sale, the executive vice president owned 17,569 shares of the company’s stock, valued at $505,635.82. This trade represents a 67.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

Regions Financial Trading Up 0.1%

Shares of RF stock opened at $29.78 on Wednesday. The stock has a market cap of $26.11 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.05 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $31.53. The business has a fifty day simple moving average of $28.43 and a 200-day simple moving average of $26.60.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 16th. The bank reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Regions Financial had a net margin of 22.44% and a return on equity of 12.55%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $0.56 earnings per share. Regions Financial’s revenue was up 5.8% on a year-over-year basis. On average, analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, March 2nd. Regions Financial’s dividend payout ratio is 46.29%.

Regions Financial announced that its Board of Directors has approved a share repurchase program on Wednesday, December 10th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the bank to purchase up to 12.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Regions Financial Company Profile

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.