SG Americas Securities LLC Buys 702,465 Shares of Regions Financial Corporation $RF

SG Americas Securities LLC raised its position in shares of Regions Financial Corporation (NYSE:RF) by 1,026.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 770,869 shares of the bank’s stock after purchasing an additional 702,465 shares during the period. SG Americas Securities LLC owned 0.09% of Regions Financial worth $20,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Darwin Wealth Management LLC purchased a new stake in Regions Financial during the second quarter valued at about $25,000. United Community Bank purchased a new position in shares of Regions Financial in the third quarter worth about $30,000. Salomon & Ludwin LLC purchased a new position in shares of Regions Financial in the third quarter worth about $32,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Regions Financial in the second quarter valued at approximately $33,000. Finally, SJS Investment Consulting Inc. raised its position in shares of Regions Financial by 3,003.6% in the third quarter. SJS Investment Consulting Inc. now owns 1,738 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,682 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on RF. Keefe, Bruyette & Woods restated a “market perform” rating and set a $31.00 target price on shares of Regions Financial in a research report on Tuesday, January 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $32.00 price target on shares of Regions Financial in a research report on Tuesday, January 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $32.00 price objective on shares of Regions Financial in a research note on Tuesday, March 3rd. Morgan Stanley set a $31.00 price objective on Regions Financial in a report on Monday, January 19th. Finally, Wall Street Zen downgraded Regions Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.91.

Regions Financial Stock Down 1.5%

RF opened at $25.13 on Friday. The firm has a market capitalization of $21.70 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 0.92 and a beta of 1.02. Regions Financial Corporation has a one year low of $17.74 and a one year high of $31.53. The company has a fifty day moving average price of $27.97 and a 200-day moving average price of $26.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80.

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 analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Regions Financial’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

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

Regions Financial declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 10th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the bank to repurchase up to 12.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Regions Financial

In other news, EVP William D. Ritter sold 36,000 shares of Regions Financial stock in a transaction on Thursday, January 22nd. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

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.