Regions Financial Co. (NYSE:RF) Stock Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Regions Financial Co. (NYSE:RF - Free Report) by 2,064.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 475,691 shares of the bank's stock after acquiring an additional 453,710 shares during the period. GAMMA Investing LLC owned about 0.05% of Regions Financial worth $10,337,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in RF. Mather Group LLC. increased its position in shares of Regions Financial by 31.1% in the fourth quarter. Mather Group LLC. now owns 5,234 shares of the bank's stock worth $123,000 after acquiring an additional 1,241 shares in the last quarter. Vest Financial LLC boosted its holdings in shares of Regions Financial by 20.4% during the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock worth $34,806,000 after purchasing an additional 250,729 shares during the period. Empowered Funds LLC boosted its holdings in shares of Regions Financial by 11.6% during the fourth quarter. Empowered Funds LLC now owns 17,874 shares of the bank's stock worth $420,000 after purchasing an additional 1,857 shares during the period. Entropy Technologies LP acquired a new stake in shares of Regions Financial during the fourth quarter worth approximately $2,024,000. Finally, AlphaStar Capital Management LLC boosted its holdings in shares of Regions Financial by 22.2% during the fourth quarter. AlphaStar Capital Management LLC now owns 17,779 shares of the bank's stock worth $418,000 after purchasing an additional 3,231 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Joia M. Johnson bought 2,300 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price 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 of the company's stock, valued at $370,353.48. The trade was a 15.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen cut shares of Regions Financial from a "hold" rating to a "sell" rating in a report on Saturday. TD Cowen assumed coverage on shares of Regions Financial in a report on Thursday, May 15th. They set a "buy" rating and a $31.00 price target for the company. Cowen assumed coverage on shares of Regions Financial in a report on Wednesday, May 14th. They set a "buy" rating for the company. Citigroup decreased their price target 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. Finally, Barclays reduced their target price on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.80.

Regions Financial Trading Up 3.6%

NYSE:RF opened at $22.08 on Friday. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 1.93 and a beta of 0.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $20.66 and its 200-day moving average is $22.81.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $0.37 earnings per share. Equities analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently announced 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 dividend payout ratio (DPR) is currently 48.08%.

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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