Regions Financial Corporation $RF Stock Holdings Increased by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Regions Financial Corporation by 29.1%, owning 173,410 shares valued at approximately $4.08 million after purchasing additional shares in the second quarter.
• Corporate insiders, including Director Roger W. Jenkins and EVP David R. Keenan, engaged in significant transactions, with Jenkins acquiring 4,000 shares and Keenan selling 30,000 shares of Regions Financial.
• Regions Financial's stock holds a current price target of $27.79, with a consensus rating of "Moderate Buy" from analysts, highlighting recent upgrades from various research firms.

Vanguard Personalized Indexing Management LLC increased its holdings in Regions Financial Corporation (NYSE:RF - Free Report) by 29.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,410 shares of the bank's stock after purchasing an additional 39,113 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Regions Financial were worth $4,079,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RF. Drucker Wealth 3.0 LLC acquired a new stake in shares of Regions Financial during the second quarter worth $513,000. Aberdeen Group plc raised its position in shares of Regions Financial by 20.8% during the second quarter. Aberdeen Group plc now owns 878,732 shares of the bank's stock worth $20,725,000 after purchasing an additional 151,400 shares during the period. Blue Trust Inc. raised its position in shares of Regions Financial by 15.1% during the second quarter. Blue Trust Inc. now owns 11,059 shares of the bank's stock worth $260,000 after purchasing an additional 1,454 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in Regions Financial by 34.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 61,387 shares of the bank's stock worth $1,444,000 after buying an additional 15,820 shares during the period. Finally, Stonebridge Financial Group LLC raised its holdings in Regions Financial by 3.0% during the 2nd quarter. Stonebridge Financial Group LLC now owns 159,139 shares of the bank's stock worth $3,743,000 after buying an additional 4,675 shares during the period. Institutional investors own 79.39% of the company's stock.

Insider Transactions at Regions Financial

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

Regions Financial Stock Performance

Shares of RF stock opened at $25.15 on Wednesday. The stock's 50-day moving average is $26.28 and its two-hundred day moving average is $23.64. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The firm has a market cap of $22.44 billion, a P/E ratio of 11.70, a PEG ratio of 1.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.82.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The firm had revenue of $1.81 billion for the quarter. Analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RF. Barclays restated an "underweight" rating and set a $27.00 price objective (up previously from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Wall Street Zen upgraded shares of Regions Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Cantor Fitzgerald assumed coverage on shares of Regions Financial in a research note on Wednesday, September 10th. They set an "overweight" rating and a $30.00 target price on the stock. DA Davidson boosted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Regions Financial in a research report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Regions Financial has a consensus rating of "Moderate Buy" and a consensus price target of $27.79.

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.

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