Arbejdsmarkedets Tillaegspension Has $25.81 Million Stake in Regions Financial Corporation $RF

Arbejdsmarkedets Tillaegspension grew its stake in shares of Regions Financial Corporation (NYSE:RF) by 12.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 988,167 shares of the bank’s stock after acquiring an additional 108,479 shares during the quarter. Regions Financial comprises approximately 0.6% of Arbejdsmarkedets Tillaegspension’s investment portfolio, making the stock its 26th largest position. Arbejdsmarkedets Tillaegspension’s holdings in Regions Financial were worth $25,811,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial in the 2nd quarter valued at approximately $25,000. SouthState Bank Corp boosted its position 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 in the last quarter. Spire Wealth Management boosted its position 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 in the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after buying an additional 854 shares during the period. Finally, Leonteq Securities AG acquired a new position in shares of Regions Financial in the 4th quarter valued at $33,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.1%

NYSE:RF opened at $31.04 on Monday. The company has a market cap of $26.49 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. Regions Financial Corporation has a twelve month low of $22.70 and a twelve month high of $31.53. The business has a 50 day moving average price of $28.61 and a two-hundred day moving average price of $28.11. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18.

Regions Financial (NYSE:RF) last posted 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. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. As a group, analysts expect that Regions Financial Corporation will post 2.6 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, June 1st. Regions Financial’s payout ratio is presently 44.17%.

Wall Street Analyst Weigh In

Several brokerages recently commented on RF. Piper Sandler dropped their price objective on Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Royal Bank Of Canada boosted their target price on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Wells Fargo & Company increased their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. UBS Group raised their price target on Regions Financial from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Finally, DA Davidson lowered Regions Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $35.00 to $33.00 in a research report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.16.

Insider Buying and Selling

In related 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 value of $195,760.74. The transaction was disclosed in a filing with the SEC, which is available at 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.