OMERS ADMINISTRATION Corp Boosts Stock Position in Regions Financial Corporation $RF

OMERS ADMINISTRATION Corp raised its holdings in Regions Financial Corporation (NYSE:RF) by 15.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,151 shares of the bank’s stock after purchasing an additional 18,562 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Regions Financial were worth $3,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Regions Financial Stock Down 0.3%

Regions Financial stock opened at $30.75 on Tuesday. Regions Financial Corporation has a 1-year low of $22.70 and a 1-year high of $32.47. The firm has a market capitalization of $26.25 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 1.18 and a beta of 1.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $29.43 and a 200 day simple moving average of $28.38.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts predict that Regions Financial Corporation will post 2.62 earnings per share for the current year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 1st. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s dividend payout ratio is presently 43.27%.

Analysts Set New Price Targets

RF has been the topic of a number of research analyst reports. Truist Financial boosted their target price on shares of Regions Financial from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald raised their price target on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regions Financial in a report on Friday, July 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $34.00 price objective on shares of Regions Financial in a research note on Monday, July 20th. Finally, Evercore reissued an “underperform” rating and set a $31.00 price objective on shares of Regions Financial in a report on Monday, July 6th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.21.

Insider Transactions at Regions Financial

In related news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.34% of the company’s stock.

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.