Louisiana State Employees Retirement System Takes Position in Regions Financial Corporation $RF

Louisiana State Employees Retirement System acquired a new stake in Regions Financial Corporation (NYSE:RF) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,200 shares of the bank’s stock, valued at approximately $1,155,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RF. Darwin Wealth Management LLC purchased a new position in Regions Financial during the 2nd quarter valued at about $25,000. SouthState Bank Corp grew its position in Regions Financial by 94.1% in the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after acquiring an additional 538 shares in the last quarter. Spire Wealth Management grew its position in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after acquiring an additional 557 shares in the last quarter. Princeton Global Asset Management LLC increased its stake in Regions Financial by 260.4% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after purchasing an additional 854 shares during the period. Finally, Leonteq Securities AG purchased a new stake in Regions Financial during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RF. Brean Capital assumed coverage on shares of Regions Financial in a research note on Thursday, March 12th. They issued a “neutral” rating for the company. Royal Bank Of Canada upped their target price on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Morgan Stanley increased their target price on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday. Truist Financial reissued a “hold” rating and issued a $30.00 price target on shares of Regions Financial in a research report on Tuesday, April 21st. Finally, Piper Sandler dropped their price target on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.80.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is owned by corporate insiders.

Regions Financial Price Performance

RF stock opened at $30.29 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $25.84 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.15 and a beta of 1.00. The business’s 50-day moving average is $28.38 and its two-hundred day moving average is $28.00. Regions Financial Corporation has a 1 year low of $22.70 and a 1 year high of $31.53.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the business posted $0.54 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a $0.265 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.5%. Regions Financial’s payout ratio is currently 44.17%.

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.