AEGON ASSET MANAGEMENT UK Plc Makes New $2.04 Million Investment in Regions Financial Corporation $RF

AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Regions Financial Corporation (NYSE:RF) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,200 shares of the bank’s stock, valued at approximately $2,043,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Root Financial Partners LLC grew its holdings in shares of Regions Financial by 3.9% in the 4th quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock worth $248,000 after acquiring an additional 346 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Regions Financial by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock valued at $911,000 after purchasing an additional 373 shares during the last quarter. Lcnb Corp lifted its holdings in shares of Regions Financial by 3.8% during the fourth quarter. Lcnb Corp now owns 10,725 shares of the bank’s stock valued at $291,000 after purchasing an additional 390 shares during the last quarter. West Paces Advisors Inc. boosted its position in shares of Regions Financial by 4.0% in the 4th quarter. West Paces Advisors Inc. now owns 10,505 shares of the bank’s stock valued at $285,000 after purchasing an additional 405 shares during the period. Finally, Inspire Investing LLC boosted its position in shares of Regions Financial by 3.7% in the 4th quarter. Inspire Investing LLC now owns 12,455 shares of the bank’s stock valued at $338,000 after purchasing an additional 439 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RF shares. JPMorgan Chase & Co. dropped their price target on Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Stephens assumed coverage on shares of Regions Financial in a research note on Monday, June 15th. They set an “equal weight” rating and a $31.00 price objective for the company. Royal Bank Of Canada raised their target price on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Piper Sandler dropped their target price on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $32.00 price target on shares of Regions Financial in a report on Tuesday, March 3rd. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.73.

Regions Financial Trading Up 0.0%

NYSE RF opened at $28.63 on Friday. 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 Corporation has a 1-year low of $21.99 and a 1-year high of $31.53. The firm’s fifty day simple moving average is $27.99 and its 200-day simple moving average is $27.76. The company has a market capitalization of $24.43 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00.

Regions Financial (NYSE:RF) last released its quarterly earnings data 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 firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Regions Financial Corporation will post 2.6 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.7%. Regions Financial’s dividend payout ratio (DPR) is 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 dated Thursday, May 7th. The stock was 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 Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by company insiders.

About Regions Financial

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.