Centiva Capital LP Buys New Shares in Regions Financial Co. (NYSE:RF)

Centiva Capital LP acquired a new stake in shares of Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 108,477 shares of the bank's stock, valued at approximately $2,551,000.

Several other institutional investors and hedge funds have also bought and sold shares of RF. World Investment Advisors LLC grew its stake in shares of Regions Financial by 14.5% during the 3rd quarter. World Investment Advisors LLC now owns 15,837 shares of the bank's stock worth $369,000 after purchasing an additional 2,010 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Regions Financial in the third quarter valued at $56,000. Franklin Resources Inc. raised its position in shares of Regions Financial by 30.9% in the third quarter. Franklin Resources Inc. now owns 702,627 shares of the bank's stock worth $16,758,000 after acquiring an additional 165,710 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Regions Financial by 3.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,233 shares of the bank's stock worth $403,000 after acquiring an additional 584 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Regions Financial by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank's stock valued at $25,376,000 after acquiring an additional 34,125 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Regions Financial

In other news, Director Joia M. Johnson bought 2,300 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Keefe, Bruyette & Woods dropped their price objective on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Morgan Stanley dropped their price target on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Truist Financial reduced their price objective on shares of Regions Financial from $24.00 to $21.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their target price on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Barclays reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $25.53.

Regions Financial Trading Down 0.7 %

RF traded down $0.14 during trading hours on Friday, reaching $21.16. The company's stock had a trading volume of 7,438,082 shares, compared to its average volume of 8,092,017. The stock has a market cap of $19.16 billion, a PE ratio of 10.91, a P/E/G ratio of 1.93 and a beta of 0.97. 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 debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The business's 50-day moving average is $20.62 and its 200-day moving average is $23.26.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period in the prior year, the business posted $0.37 EPS. As a group, equities research analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is 48.08%.

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.