Regions Financial Corporation $RF Shares Purchased by Swedbank AB

Swedbank AB increased its position in shares of Regions Financial Corporation (NYSE:RF) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 765,429 shares of the bank’s stock after purchasing an additional 18,140 shares during the quarter. Swedbank AB’s holdings in Regions Financial were worth $20,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of Regions Financial by 111.2% during the third quarter. Teacher Retirement System of Texas now owns 290,563 shares of the bank’s stock worth $7,662,000 after purchasing an additional 152,987 shares during the period. AGF Management Ltd. acquired a new stake in shares of Regions Financial during the third quarter worth about $1,669,000. American Century Companies Inc. lifted its holdings in shares of Regions Financial by 85.9% during the third quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock worth $121,976,000 after purchasing an additional 2,137,062 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Regions Financial by 16.9% during the third quarter. Jones Financial Companies Lllp now owns 1,113,450 shares of the bank’s stock worth $29,648,000 after purchasing an additional 161,118 shares during the period. Finally, Stevens Capital Management LP lifted its holdings in shares of Regions Financial by 355.9% during the third quarter. Stevens Capital Management LP now owns 42,850 shares of the bank’s stock worth $1,130,000 after purchasing an additional 33,450 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

RF has been the subject of a number of research reports. UBS Group reaffirmed a “neutral” rating and set a $30.00 target price on shares of Regions Financial in a report on Wednesday, February 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a report on Tuesday, March 3rd. Truist Financial reissued a “hold” rating and issued a $30.00 price target on shares of Regions Financial in a report on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Finally, Piper Sandler decreased their price target on Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 30th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Regions Financial currently has an average rating of “Hold” and an average target price of $30.47.

Insider Activity at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

Regions Financial Trading Up 0.1%

Shares of NYSE:RF opened at $27.87 on Tuesday. Regions Financial Corporation has a 12-month low of $20.79 and a 12-month high of $31.53. The company has a market capitalization of $23.78 billion, a PE ratio of 11.61, a PEG ratio of 1.09 and a beta of 1.02. The business has a 50 day moving average of $27.01 and a two-hundred day moving average of $27.31. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the company posted $0.54 earnings per share. Regions Financial’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts forecast that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $0.265 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.8%. Regions Financial’s payout ratio is 44.17%.

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.