iSAM Funds UK Ltd Has $4.29 Million Stock Holdings in Regions Financial Corporation $RF

iSAM Funds UK Ltd boosted its holdings in shares of Regions Financial Corporation (NYSE:RF) by 278.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,519 shares of the bank’s stock after acquiring an additional 119,588 shares during the quarter. Regions Financial accounts for about 0.9% of iSAM Funds UK Ltd’s portfolio, making the stock its 17th largest position. iSAM Funds UK Ltd’s holdings in Regions Financial were worth $4,286,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of RF. Darwin Wealth Management LLC acquired a new position in shares of Regions Financial during the second quarter worth $25,000. United Community Bank acquired a new stake in Regions Financial in the third quarter valued at $30,000. Salomon & Ludwin LLC acquired a new stake in Regions Financial in the third quarter valued at $32,000. Elevation Point Wealth Partners LLC bought a new position in Regions Financial during the 2nd quarter worth $33,000. Finally, Clearstead Trust LLC raised its position in Regions Financial by 574.5% during the 2nd quarter. Clearstead Trust LLC now owns 1,430 shares of the bank’s stock worth $34,000 after purchasing an additional 1,218 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Insider Buying and Selling

In other Regions Financial news, EVP William D. Ritter sold 36,000 shares of the business’s stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

RF has been the topic of a number of analyst reports. Truist Financial upped their price target on Regions Financial from $26.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. raised their price objective on Regions Financial from $29.00 to $31.50 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Piper Sandler lifted their price objective on Regions Financial from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Morgan Stanley set a $31.00 target price on Regions Financial in a report on Monday, January 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Regions Financial has an average rating of “Hold” and a consensus price target of $29.97.

Regions Financial Stock Performance

RF opened at $24.98 on Friday. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $31.53. The company has a market cap of $21.57 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.90 and a beta of 1.02. The company’s fifty day moving average price is $28.56 and its two-hundred day moving average price is $26.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23.

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

Regions Financial announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 10th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the bank to reacquire up to 12.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.265 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.06 dividend on an annualized basis and a yield of 4.2%. Regions Financial’s payout ratio is 46.29%.

Regions Financial 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.