Siemens Fonds Invest GmbH Acquires 34,244 Shares of Regions Financial Co. (NYSE:RF)

Siemens Fonds Invest GmbH raised its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 345.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,148 shares of the bank's stock after purchasing an additional 34,244 shares during the period. Siemens Fonds Invest GmbH's holdings in Regions Financial were worth $1,038,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RF. Y.D. More Investments Ltd increased its holdings in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after buying an additional 634 shares during the period. Sierra Ocean LLC purchased a new position in shares of Regions Financial in the fourth quarter worth about $28,000. Picton Mahoney Asset Management increased its holdings in shares of Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after buying an additional 1,201 shares during the period. Millstone Evans Group LLC purchased a new position in shares of Regions Financial in the fourth quarter worth about $32,000. Finally, Creative Capital Management Investments LLC purchased a new position in shares of Regions Financial in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TD Cowen initiated coverage on Regions Financial in a report on Thursday, May 15th. They issued a "buy" rating and a $31.00 price objective on the stock. Stephens reduced their price target on Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. 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. Citigroup reduced their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, Truist Financial restated a "hold" rating on shares of Regions Financial in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.80.

Regions Financial Stock Performance

Shares of NYSE RF traded down $0.15 during trading on Friday, hitting $21.42. The company had a trading volume of 12,193,658 shares, compared to its average volume of 8,156,345. The firm has a market capitalization of $19.26 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. The stock has a 50 day simple moving average of $20.71 and a 200 day simple moving average of $23.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96.

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

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is 48.08%.

Insider Transactions at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.29% of the company's stock.

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.