Dynamic Technology Lab Private Ltd Makes New Investment in Regions Financial Corporation $RF

Key Points

• Dynamic Technology Lab Private Ltd bought a new stake of 54,528 shares of Regions Financial (NYSE:RF) in Q3, valued at about $1.438 million per the latest 13F filing.
• Regions announced a quarterly dividend of $0.265 per share (annualized $1.06, yield 3.9%) and a Board-approved $3.00 billion share repurchase plan that could retire up to 12.9% of outstanding stock.
• The bank missed quarterly estimates with EPS of $0.57 versus $0.61 expected and revenue of $1.92 billion versus $1.94 billion expected; analysts’ consensus is a "Hold" with an average target near $29.97.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 54,528 shares of the bank's stock, valued at approximately $1,438,000.

Other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in shares of Regions Financial in the second quarter valued at $25,000. United Community Bank purchased a new position in shares of Regions Financial during the 3rd quarter worth about $30,000. Salomon & Ludwin LLC purchased a new position in shares of Regions Financial during the 3rd quarter worth about $32,000. Elevation Point Wealth Partners LLC bought a new position in Regions Financial during the 2nd quarter valued at about $33,000. Finally, Clearstead Trust LLC grew its holdings in Regions Financial by 574.5% during the 2nd quarter. Clearstead Trust LLC now owns 1,430 shares of the bank's stock valued at $34,000 after purchasing an additional 1,218 shares during the last quarter. Institutional investors own 79.39% of the company's stock.

Regions Financial Price Performance

Regions Financial stock opened at $27.03 on Friday. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 0.96 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $31.53. The firm has a 50-day moving average of $28.69 and a two-hundred day moving average of $26.89.

Regions Financial (NYSE:RF - Get Free Report) last issued its earnings results on Friday, January 16th. The bank reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.04). Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.The company had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business posted $0.56 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. On average, research analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, March 2nd. Regions Financial's dividend payout ratio (DPR) is presently 46.29%.

Regions Financial declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 10th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the bank to reacquire up to 12.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on RF shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $32.00 price objective on shares of Regions Financial in a research note on Tuesday, March 3rd. Wall Street Zen cut Regions Financial from a "hold" rating to a "sell" rating in a research note on Saturday, December 13th. Piper Sandler increased their price target on Regions Financial from $29.00 to $31.00 and gave the stock a "neutral" rating in a report on Tuesday, January 20th. Morgan Stanley set a $31.00 price target on Regions Financial in a research note on Monday, January 19th. Finally, Barclays boosted their price objective on Regions Financial from $27.00 to $30.00 and gave the company an "underweight" rating in a report on Monday, January 5th. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $29.97.

Insider Buying and Selling

In other Regions Financial news, EVP William D. Ritter sold 36,000 shares of Regions Financial stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $28.78, for a total transaction of $1,036,080.00. Following the completion of the sale, the executive vice president directly owned 17,569 shares of the company's stock, valued at $505,635.82. The trade was a 67.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

Regions Financial 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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