Danske Bank A S Purchases 120,435 Shares of Regions Financial Corporation $RF

Key Points

• Danske Bank A/S boosted its stake in Regions Financial (NYSE:RF) by 29.7%, acquiring 120,435 shares to hold 526,604 shares valued at about $14.27 million (≈0.06% ownership).
• Regions declared a quarterly dividend of $0.265 per share (annualized $1.06), implying a ~3.8% yield; the record date is June 1 and payment date is July 1.
• Regions posted Q EPS of $0.62, slightly above the $0.61 estimate while revenue of $1.87B rose 5% YoY but missed estimates; analysts' consensus is "Hold" with an average target of $30.12 and a P/E around 11.8.

Danske Bank A S increased its position in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 29.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 526,604 shares of the bank's stock after acquiring an additional 120,435 shares during the period. Danske Bank A S owned about 0.06% of Regions Financial worth $14,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in Regions Financial during the 2nd quarter worth about $25,000. United Community Bank acquired a new position in Regions Financial during the 3rd quarter worth about $30,000. Salomon & Ludwin LLC acquired a new position in Regions Financial during the 3rd quarter worth about $32,000. Spire Wealth Management lifted its holdings in Regions Financial by 91.5% during the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank's stock worth $32,000 after buying an additional 557 shares during the period. Finally, Princeton Global Asset Management LLC lifted its holdings in Regions Financial by 260.4% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank's stock worth $32,000 after buying an additional 854 shares during the period. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Up 0.1%

RF stock opened at $28.21 on Monday. The stock's 50 day simple moving average is $27.13 and its 200 day simple moving average is $26.97. Regions Financial Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $31.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $24.36 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.10 and a beta of 1.02.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, topping 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 business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the business earned $0.54 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts expect that Regions Financial Corporation will post 2.61 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. Investors of record on Monday, June 1st will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial's dividend payout ratio is 44.17%.

Wall Street Analyst Weigh In

Several brokerages have commented on RF. Barclays lifted their target price on Regions Financial from $27.00 to $30.00 and gave the stock an "underweight" rating in a report on Monday, January 5th. Morgan Stanley cut their target price on Regions Financial from $37.00 to $34.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 31st. Piper Sandler cut their target price on Regions Financial from $31.00 to $28.00 and set a "neutral" rating on the stock in a report on Monday, March 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $32.00 target price on shares of Regions Financial in a report on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $31.00 target price on shares of Regions Financial in a report on Tuesday, January 20th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $30.12.

Regions Financial Company Profile

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.

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