Aster Capital Management DIFC Ltd Sells 23,704 Shares of Regions Financial Corporation $RF

Aster Capital Management DIFC Ltd cut its holdings in shares of Regions Financial Corporation (NYSE:RF) by 51.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,495 shares of the bank’s stock after selling 23,704 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Regions Financial were worth $610,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new position in shares of Regions Financial during the second quarter worth approximately $25,000. SouthState Bank Corp increased its holdings in shares of Regions Financial by 94.1% during the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after purchasing an additional 538 shares during the period. Spire Wealth Management increased its holdings in shares of Regions Financial by 91.5% during the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after purchasing an additional 557 shares during the period. Princeton Global Asset Management LLC increased its holdings in shares of Regions Financial by 260.4% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after purchasing an additional 854 shares during the period. Finally, Leonteq Securities AG bought a new position in shares of Regions Financial during the fourth quarter worth approximately $33,000. 79.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RF shares. Royal Bank Of Canada lifted their price objective on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Stephens started coverage on shares of Regions Financial in a research note on Monday. They issued an “equal weight” rating and a $31.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $32.00 price objective on shares of Regions Financial in a research note on Tuesday, March 3rd. Morgan Stanley decreased their price objective on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Finally, Truist Financial reissued a “hold” rating and issued a $30.00 price objective on shares of Regions Financial in a research note on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.73.

Regions Financial Stock Performance

NYSE RF opened at $28.60 on Tuesday. The firm’s fifty day moving average price is $27.83 and its two-hundred day moving average price is $27.69. The stock has a market cap of $24.41 billion, a PE ratio of 11.92, a PEG ratio of 1.14 and a beta of 1.00. Regions Financial Corporation has a fifty-two week low of $21.40 and a fifty-two week high of $31.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80.

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

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s payout ratio is presently 44.17%.

Insider Buying and Selling at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

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.