Aster Capital Management DIFC Ltd Has $610,000 Holdings in Regions Financial Corporation $RF

Aster Capital Management DIFC Ltd lessened its holdings in shares of Regions Financial Corporation (NYSE:RF) by 51.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,495 shares of the bank’s stock after selling 23,704 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Regions Financial were worth $610,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Oddo BHF Asset Management Sas lifted its holdings in shares of Regions Financial by 28.2% during the fourth quarter. Oddo BHF Asset Management Sas now owns 163,223 shares of the bank’s stock worth $4,423,000 after purchasing an additional 35,864 shares during the period. Rakuten Investment Management Inc. lifted its holdings in shares of Regions Financial by 522.4% during the fourth quarter. Rakuten Investment Management Inc. now owns 116,007 shares of the bank’s stock worth $3,196,000 after purchasing an additional 97,369 shares during the period. Faithward Advisors LLC lifted its holdings in shares of Regions Financial by 7.0% during the fourth quarter. Faithward Advisors LLC now owns 10,068 shares of the bank’s stock worth $273,000 after purchasing an additional 657 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings in shares of Regions Financial by 1.6% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 116,589 shares of the bank’s stock worth $3,160,000 after purchasing an additional 1,808 shares during the period. Finally, Thornburg Investment Management Inc. lifted its holdings in Regions Financial by 34.7% in the fourth quarter. Thornburg Investment Management Inc. now owns 6,230,601 shares of the bank’s stock valued at $168,849,000 after buying an additional 1,605,836 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of NYSE RF opened at $28.60 on Tuesday. The firm’s 50-day moving average price is $27.83 and its 200-day moving average price is $27.69. Regions Financial Corporation has a 1-year low of $21.40 and a 1-year high of $31.53. The firm has a market capitalization of $24.41 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.14 and a beta of 1.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities research analysts anticipate that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 annualized dividend and a dividend yield of 3.7%. Regions Financial’s payout ratio is presently 44.17%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Brean Capital assumed coverage on shares of Regions Financial in a report on Thursday, March 12th. They issued a “neutral” rating on the stock. DA Davidson boosted their target price on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 20th. Stephens assumed coverage on shares of Regions Financial in a report on Monday. They issued an “equal weight” rating and a $31.00 target price on the stock. Truist Financial restated a “hold” rating and issued a $30.00 target price on shares of Regions Financial in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Regions Financial currently has a consensus rating of “Hold” and a consensus price target of $30.73.

Insider Activity at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by insiders.

About Regions Financial

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.