Regions Financial Corporation $RF Shares Purchased by National Pension Service

Key Points

• National Pension Service increased its holdings in Regions Financial Corporation by 7.8%, purchasing an additional 121,458 shares, bringing its total ownership to approximately 1.67 million shares valued at $36.3 million.
• Regions Financial reported $0.60 earnings per share for the last quarter, exceeding analyst expectations and demonstrating a revenue increase of 10.1% year-over-year.
• Regions Financial announced an increase in its quarterly dividend from $0.25 to $0.265 per share, reflecting its strong financial performance.

National Pension Service boosted its position in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 7.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,671,196 shares of the bank's stock after purchasing an additional 121,458 shares during the period. National Pension Service owned approximately 0.19% of Regions Financial worth $36,315,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bayforest Capital Ltd raised its stake in Regions Financial by 637.3% during the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock worth $27,000 after purchasing an additional 1,058 shares during the period. Rossby Financial LCC purchased a new stake in shares of Regions Financial in the 1st quarter valued at approximately $36,000. Grove Bank & Trust increased its stake in Regions Financial by 76.6% during the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock worth $41,000 after buying an additional 814 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of Regions Financial by 181.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,225 shares of the bank's stock valued at $76,000 after acquiring an additional 2,078 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Regions Financial by 30.7% in the first quarter. Allworth Financial LP now owns 3,346 shares of the bank's stock valued at $69,000 after acquiring an additional 786 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Regions Financial

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

Regions Financial Trading Up 0.0%

Shares of RF stock traded up $0.0050 during mid-day trading on Wednesday, hitting $25.7250. 8,372,166 shares of the company's stock were exchanged, compared to its average volume of 10,078,549. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The stock has a 50-day simple moving average of $24.44 and a two-hundred day simple moving average of $22.64. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The stock has a market cap of $22.95 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.48 and a beta of 1.01.

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

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be issued a $0.265 dividend. This is an increase from Regions Financial's previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 2nd. Regions Financial's dividend payout ratio is 46.51%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. TD Cowen assumed coverage on Regions Financial in a research note on Thursday, May 15th. They issued a "buy" rating and a $31.00 price objective on the stock. Stephens increased their price objective on Regions Financial from $24.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Wall Street Zen upgraded Regions Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Jefferies Financial Group started coverage on Regions Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price objective on the stock. Finally, DA Davidson increased their price objective on Regions Financial from $25.00 to $29.00 and gave the company a "buy" rating in a report on Monday, July 21st. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $27.33.

Regions Financial 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.