Susquehanna Fundamental Investments LLC Makes New $41.55 Million Investment in Regions Financial Corporation $RF

Key Points

• Susquehanna Fundamental Investments acquired 1.38 million shares of Regions Financial, valued at approximately $41.6 million, giving it a 0.16% stake. Institutional investors and hedge funds collectively own 79.39% of the bank’s shares.
• Analyst sentiment remains mixed, with six Buy, ten Hold, and four Sell ratings. The consensus rating is Hold, with an average price target of $32.24 versus the reported share price of $30.35.
• Regions Financial exceeded quarterly earnings expectations, reporting $0.68 EPS and $1.95 billion in revenue. The company also raised its quarterly dividend to $0.30 per share, representing a 4.0% annualized yield.

Susquehanna Fundamental Investments LLC bought a new position in shares of Regions Financial Corporation (NYSE:RF - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,375,969 shares of the bank's stock, valued at approximately $41,554,000. Susquehanna Fundamental Investments LLC owned 0.16% of Regions Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RF. Empowered Funds LLC lifted its position in Regions Financial by 7.2% during the first quarter. Empowered Funds LLC now owns 19,152 shares of the bank's stock worth $416,000 after purchasing an additional 1,278 shares during the period. Woodline Partners LP increased its holdings in Regions Financial by 40.7% in the 1st quarter. Woodline Partners LP now owns 76,797 shares of the bank's stock valued at $1,669,000 after buying an additional 22,216 shares during the period. Baird Financial Group Inc. raised its position in shares of Regions Financial by 0.7% in the 2nd quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank's stock valued at $1,687,000 after buying an additional 511 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Regions Financial by 81.2% in the 2nd quarter. Federated Hermes Inc. now owns 11,677 shares of the bank's stock valued at $275,000 after buying an additional 5,233 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Regions Financial by 5.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank's stock worth $3,320,000 after acquiring an additional 6,690 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RF shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Regions Financial in a research report on Friday, July 17th. Royal Bank Of Canada reissued an "outperform" rating and set a $34.00 price objective on shares of Regions Financial in a report on Monday, July 20th. Citigroup upped their price objective on Regions Financial from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Truist Financial raised their price objective on shares of Regions Financial from $30.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Regions Financial from $32.00 to $33.00 and gave the stock a "market perform" rating in a research report on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Regions Financial presently has an average rating of "Hold" and a consensus price target of $32.24.

Regions Financial Price Performance

RF opened at $30.35 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $25.86 billion, a P/E ratio of 12.39, a PEG ratio of 1.16 and a beta of 1.00. The firm has a 50-day moving average of $30.84 and a 200 day moving average of $28.80. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $32.47.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company earned $0.60 earnings per share. Regions Financial's revenue was up .1% compared to the same quarter last year. On average, research analysts expect that Regions Financial Corporation will post 2.63 EPS for the current year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.30 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 4.0%. This is an increase from Regions Financial's previous quarterly dividend of $0.27. Regions Financial's dividend payout ratio is 48.98%.

Regions Financial Company Profile

Regions Financial Corporation NYSE: RF is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.

Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Corporation (NYSE:RF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source