Denali Advisors LLC Invests $412,000 in Regions Financial Corporation $RF

Key Points

• Denali Advisors LLC has invested approximately $412,000 in Regions Financial Corporation, acquiring 17,511 shares as of their latest SEC filing.
• Regions Financial recently announced a quarterly dividend of $0.265 per share, representing a yield of 4.4%, set to be paid on January 2nd.
• Analyst ratings for Regions Financial show a consensus of "Moderate Buy" with an average price target of $27.94, indicating positive market sentiment.

Denali Advisors LLC acquired a new position in Regions Financial Corporation (NYSE:RF - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,511 shares of the bank's stock, valued at approximately $412,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American National Bank & Trust boosted its holdings in shares of Regions Financial by 2,433.3% in the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank's stock worth $25,000 after purchasing an additional 1,022 shares in the last quarter. Bayforest Capital Ltd lifted its stake in shares of Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock valued at $27,000 after acquiring an additional 1,058 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Regions Financial in the 2nd quarter valued at about $30,000. Rossby Financial LCC bought a new stake in shares of Regions Financial in the 1st quarter valued at about $36,000. Finally, Groupe la Francaise bought a new stake in shares of Regions Financial in the 1st quarter valued at about $41,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Regions Financial Trading Down 1.0%

RF opened at $24.12 on Thursday. The business has a 50 day simple moving average of $26.16 and a two-hundred day simple moving average of $23.75. The firm has a market capitalization of $21.52 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81. Regions Financial Corporation has a one year low of $17.74 and a one year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. The business had revenue of $1.81 billion during the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%. Analysts predict that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be issued a dividend of $0.265 per share. The ex-dividend date is Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.4%. Regions Financial's dividend payout ratio is 46.70%.

Wall Street Analyst Weigh In

RF has been the subject of a number of recent research reports. Citigroup boosted their target price on Regions Financial from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Keefe, Bruyette & Woods boosted their target price on Regions Financial from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Barclays reissued an "underweight" rating and issued a $27.00 target price (up previously from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. Truist Financial lowered their target price on Regions Financial from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Monday. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Regions Financial in a research note on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $27.94.

About Regions Financial

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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