Bearing Point Capital LLC Buys Shares of 25,000 Regions Financial Co. (NYSE:RF)

Bearing Point Capital LLC purchased a new position in Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the bank's stock, valued at approximately $588,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RF. LBP AM SA grew its holdings in shares of Regions Financial by 149.4% in the fourth quarter. LBP AM SA now owns 730,614 shares of the bank's stock worth $17,184,000 after purchasing an additional 437,691 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Regions Financial in the 4th quarter valued at about $1,965,000. Aprio Wealth Management LLC purchased a new stake in shares of Regions Financial in the fourth quarter valued at approximately $1,247,000. Nordea Investment Management AB grew its stake in Regions Financial by 60.4% in the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock worth $6,220,000 after purchasing an additional 99,115 shares in the last quarter. Finally, Vest Financial LLC increased its holdings in Regions Financial by 20.4% during the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock worth $34,806,000 after purchasing an additional 250,729 shares during the period. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

Regions Financial Stock Up 2.6 %

Regions Financial stock opened at $21.05 on Monday. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The company has a market cap of $19.06 billion, a PE ratio of 10.85, a PEG ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The business's 50-day simple moving average is $20.84 and its two-hundred day simple moving average is $23.35.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same period in the prior year, the firm earned $0.37 EPS. Equities analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio is currently 48.08%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RF. Stephens decreased their price objective on Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. reduced their price objective on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Barclays lowered their target price on Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Morgan Stanley dropped their price objective on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Finally, Wells Fargo & Company reduced their target price on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Regions Financial currently has an average rating of "Moderate Buy" and an average price target of $25.53.

Regions Financial Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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