Regions Financial Co. (NYSE:RF) Shares Purchased by NBC Securities Inc.

NBC Securities Inc. increased its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 121,237.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,175 shares of the bank's stock after purchasing an additional 52,132 shares during the period. NBC Securities Inc.'s holdings in Regions Financial were worth $1,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Greenleaf Trust raised its position in shares of Regions Financial by 1.8% during the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after buying an additional 436 shares in the last quarter. abrdn plc increased its stake in Regions Financial by 4.7% during the fourth quarter. abrdn plc now owns 2,565,516 shares of the bank's stock worth $60,533,000 after acquiring an additional 114,279 shares during the last quarter. Welch Group LLC raised its position in Regions Financial by 0.5% during the fourth quarter. Welch Group LLC now owns 140,279 shares of the bank's stock valued at $3,319,000 after purchasing an additional 714 shares during the period. Mather Group LLC. lifted its stake in shares of Regions Financial by 31.1% in the 4th quarter. Mather Group LLC. now owns 5,234 shares of the bank's stock valued at $123,000 after purchasing an additional 1,241 shares during the last quarter. Finally, E. Ohman J or Asset Management AB boosted its holdings in shares of Regions Financial by 7.9% in the 4th quarter. E. Ohman J or Asset Management AB now owns 41,960 shares of the bank's stock worth $987,000 after purchasing an additional 3,060 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Jefferies Financial Group initiated coverage on Regions Financial in a report on Wednesday, May 21st. They set a "hold" rating and a $24.00 price target on the stock. The Goldman Sachs Group reduced their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Citigroup lowered their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 24th. Truist Financial reiterated a "hold" rating on shares of Regions Financial in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Regions Financial presently has an average rating of "Moderate Buy" and a consensus target price of $25.80.

Regions Financial Stock Up 3.6%

Shares of RF traded up $0.77 during midday trading on Friday, reaching $22.09. 6,802,792 shares of the stock were exchanged, compared to its average volume of 8,617,231. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $20.65 and its two-hundred day moving average is $22.86. The company has a market capitalization of $19.85 billion, a P/E ratio of 11.38, a PEG ratio of 1.93 and a beta of 0.96. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same period in the prior year, the business earned $0.37 EPS. On average, sell-side analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Monday, June 2nd. Regions Financial's payout ratio is currently 48.08%.

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.