1,006,887 Shares in Regions Financial Corporation $RF Bought by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. acquired over 1 million shares of Regions Financial Corporation, valuing their investment at approximately $21.9 million, making it the firm's 15th biggest holding.
• Regions Financial recently increased its quarterly dividend to $0.265 per share, representing an annualized yield of 3.9%.
• Several research firms have issued varied ratings on Regions Financial, with a consensus average rating of "Moderate Buy" and an average target price of $27.33.

Eisler Capital Management Ltd. acquired a new stake in Regions Financial Corporation (NYSE:RF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,006,887 shares of the bank's stock, valued at approximately $21,875,000. Regions Financial accounts for approximately 0.2% of Eisler Capital Management Ltd.'s investment portfolio, making the stock its 15th biggest holding. Eisler Capital Management Ltd. owned about 0.11% of Regions Financial at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bayforest Capital Ltd raised its position in Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock valued at $27,000 after purchasing an additional 1,058 shares during the period. Rossby Financial LCC purchased a new position in Regions Financial in the first quarter valued at about $36,000. Groupe la Francaise purchased a new position in Regions Financial in the first quarter valued at about $41,000. Grove Bank & Trust raised its position in Regions Financial by 76.6% in the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after purchasing an additional 814 shares during the period. Finally, Wealth Preservation Advisors LLC purchased a new position in Regions Financial in the first quarter valued at about $58,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on RF. TD Cowen began coverage on Regions Financial in a research report on Thursday, May 15th. They issued a "buy" rating and a $31.00 price objective on the stock. Truist Financial restated a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Morgan Stanley raised their target price on Regions Financial from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Stephens raised their target price on Regions Financial from $24.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Citigroup raised their target price on Regions Financial from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.33.

Insider Transactions at Regions Financial

In other news, Director Roger W. Jenkins purchased 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the purchase, the director owned 6,383 shares of the company's stock, valued at approximately $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David R. Keenan sold 30,000 shares of Regions Financial stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the transaction, the executive vice president owned 90,915 shares of the company's stock, valued at $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Regions Financial Stock Up 1.7%

NYSE:RF opened at $27.10 on Wednesday. The company has a market capitalization of $24.18 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. Regions Financial Corporation has a one year low of $17.74 and a one year high of $27.96. The stock has a 50-day simple moving average of $24.91 and a 200 day simple moving average of $22.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The bank reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. Sell-side analysts predict that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 3.9%. This is a positive change from Regions Financial's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. Regions Financial's payout ratio is 49.30%.

Regions Financial Company 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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