2,483 Shares in Regions Financial Co. (NYSE:RF) Bought by Mather Group LLC.

Mather Group LLC. bought a new position in shares of Regions Financial Co. (NYSE:RF) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,483 shares of the bank’s stock, valued at approximately $48,000.

Other large investors have also bought and sold shares of the company. FMR LLC raised its position in shares of Regions Financial by 0.3% in the 3rd quarter. FMR LLC now owns 2,625,990 shares of the bank’s stock worth $45,167,000 after acquiring an additional 8,274 shares in the last quarter. LPL Financial LLC raised its position in shares of Regions Financial by 19.6% in the 3rd quarter. LPL Financial LLC now owns 582,491 shares of the bank’s stock worth $10,019,000 after acquiring an additional 95,271 shares in the last quarter. Mariner LLC raised its position in shares of Regions Financial by 9.2% in the 3rd quarter. Mariner LLC now owns 83,906 shares of the bank’s stock worth $1,443,000 after acquiring an additional 7,057 shares in the last quarter. Stifel Financial Corp raised its position in shares of Regions Financial by 1.2% in the 3rd quarter. Stifel Financial Corp now owns 261,347 shares of the bank’s stock worth $4,495,000 after acquiring an additional 3,212 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Regions Financial by 13.4% in the 3rd quarter. Northern Trust Corp now owns 10,761,543 shares of the bank’s stock worth $185,099,000 after acquiring an additional 1,268,045 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Price Performance

Shares of NYSE RF opened at $18.93 on Monday. Regions Financial Co. has a twelve month low of $13.72 and a twelve month high of $21.08. The stock’s 50 day moving average price is $19.26 and its 200-day moving average price is $19.11. The company has a market capitalization of $17.34 billion, a PE ratio of 10.29, a PEG ratio of 2.07 and a beta of 1.19. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. Regions Financial’s quarterly revenue was down 10.5% on a year-over-year basis. On average, equities analysts anticipate that Regions Financial Co. will post 1.96 EPS for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.96 annualized dividend and a yield of 5.07%. Regions Financial’s payout ratio is 52.17%.

Insider Activity at Regions Financial

In related news, EVP William D. Ritter sold 23,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the transaction, the executive vice president now owns 41,671 shares in the company, valued at $831,336.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP William D. Ritter sold 23,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the transaction, the executive vice president now owns 41,671 shares in the company, valued at $831,336.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William C. Rhodes III bought 50,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were acquired at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the acquisition, the director now directly owns 50,000 shares in the company, valued at $968,500. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RF shares. Keefe, Bruyette & Woods lifted their price objective on Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Citigroup raised Regions Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $23.00 in a research report on Monday, March 18th. Evercore ISI boosted their target price on Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Piper Sandler boosted their target price on Regions Financial from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, Truist Financial decreased their target price on Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.34.

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.