Board of the Pension Protection Fund Increases Stock Position in Regions Financial Corporation $RF

Board of the Pension Protection Fund raised its stake in shares of Regions Financial Corporation (NYSE:RF) by 117.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,100 shares of the bank’s stock after acquiring an additional 32,500 shares during the period. Regions Financial makes up 1.6% of Board of the Pension Protection Fund’s holdings, making the stock its 27th biggest holding. Board of the Pension Protection Fund’s holdings in Regions Financial were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the stock. Darwin Wealth Management LLC acquired a new stake in Regions Financial in the 2nd quarter valued at approximately $25,000. United Community Bank acquired a new position in Regions Financial during the third quarter worth $30,000. Salomon & Ludwin LLC purchased a new position in shares of Regions Financial during the third quarter worth $32,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Regions Financial during the second quarter worth $33,000. Finally, SJS Investment Consulting Inc. grew its stake 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 buying an additional 1,682 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP William D. Ritter sold 36,000 shares of Regions Financial stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $28.78, for a total value of $1,036,080.00. Following the completion of the transaction, the executive vice president owned 17,569 shares in the company, valued at $505,635.82. The trade was a 67.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on RF shares. Morgan Stanley set a $31.00 target price on Regions Financial in a research note on Monday, January 19th. Wall Street Zen downgraded Regions Financial from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Truist Financial boosted 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. Wells Fargo & Company cut shares of Regions Financial from an “equal weight” rating to an “underweight” rating and set a $30.00 price target on the stock. in a research report on Friday, January 16th. Finally, UBS Group reissued a “neutral” rating and issued a $30.00 price objective on shares of Regions Financial in a research note on Wednesday, February 4th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Regions Financial presently has an average rating of “Hold” and an average price target of $29.97.

Regions Financial Trading Up 0.0%

NYSE:RF opened at $25.20 on Friday. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $31.53. The firm has a market cap of $21.76 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.89 and a beta of 1.02. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $28.29 and a 200 day moving average price of $26.82.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, January 16th. The bank reported $0.57 earnings per share (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 analyst estimates of $1.94 billion. Regions Financial had a net margin of 22.44% and a return on equity of 12.55%. Regions Financial’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. Sell-side analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

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

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a $0.265 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.06 annualized dividend and a yield of 4.2%. Regions Financial’s dividend payout ratio (DPR) 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.