Intrua Financial LLC Acquires Shares of 23,049 Regions Financial Corporation $RF

Key Points

• Intrua Financial LLC purchased a new stake in Regions Financial Corporation, acquiring 23,049 shares valued at approximately $501,000 during the first quarter.
• Directors and executives have engaged in significant trading, with Director Roger W. Jenkins acquiring 4,000 shares, increasing his ownership by 167.86%, and EVP David R. Keenan selling 30,000 shares, decreasing his ownership by 24.81%.
• Regions Financial recently announced a quarterly dividend increase to $0.265 per share, reflecting a positive sentiment and a dividend yield of 3.9%.

Intrua Financial LLC acquired a new stake in Regions Financial Corporation (NYSE:RF - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,049 shares of the bank's stock, valued at approximately $501,000.

Several other large investors have also bought and sold shares of RF. Focus Partners Wealth lifted its holdings in Regions Financial by 20.0% in the fourth quarter. Focus Partners Wealth now owns 30,474 shares of the bank's stock valued at $717,000 after buying an additional 5,074 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Regions Financial by 105.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 330,383 shares of the bank's stock worth $7,771,000 after purchasing an additional 169,593 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in Regions Financial in the fourth quarter worth $277,000. Nomura Holdings Inc. acquired a new stake in Regions Financial in the fourth quarter worth $704,000. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in Regions Financial by 1.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 111,725 shares of the bank's stock worth $2,652,000 after purchasing an additional 1,253 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Performance

Shares of Regions Financial stock traded up $0.15 during trading on Friday, hitting $27.19. 17,753,369 shares of the stock were exchanged, compared to its average volume of 16,921,250. The stock has a market capitalization of $24.26 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. The company has a fifty day moving average price of $25.91 and a 200-day moving average price of $22.99. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $27.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30.

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

Regions Financial Increases Dividend

The business 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 is an increase from Regions Financial's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. This represents a $1.06 dividend on an annualized basis and a yield of 3.9%. Regions Financial's dividend payout ratio (DPR) is currently 49.30%.

Insider Transactions at Regions Financial

In other Regions Financial news, Director Roger W. Jenkins acquired 4,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was purchased at an average price of $25.48 per share, with a total value of $101,920.00. Following the acquisition, the director directly owned 6,383 shares of the company's stock, valued at approximately $162,638.84. This trade represents a 167.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David R. Keenan sold 30,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the sale, the executive vice president directly owned 90,915 shares of the company's stock, valued at $2,273,784.15. This 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.

Analysts Set New Price Targets

RF has been the topic of several analyst reports. Barclays reiterated an "underweight" rating and issued a $27.00 target price (up from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Citigroup raised their price objective on shares of Regions Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Truist Financial restated a "hold" rating on shares of Regions Financial in a report on Friday, May 23rd. Jefferies Financial Group assumed coverage on shares of Regions Financial in a report on Wednesday, May 21st. They set a "hold" rating and a $24.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $27.47.

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.