Regions Financial Corporation $RF Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its position in shares of Regions Financial Corporation (NYSE:RF) by 6.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 358,330 shares of the bank’s stock after buying an additional 21,825 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Regions Financial were worth $9,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial during the 2nd quarter worth approximately $25,000. United Community Bank purchased a new stake in shares of Regions Financial during the 3rd quarter valued at approximately $30,000. Salomon & Ludwin LLC acquired a new position in Regions Financial in the third quarter valued at approximately $32,000. Spire Wealth Management lifted its holdings in Regions Financial by 91.5% in the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after acquiring an additional 557 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Regions Financial in the second quarter worth approximately $33,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Up 0.8%

Shares of NYSE RF opened at $26.33 on Thursday. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.94 and a beta of 1.03. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $31.53. The business’s 50 day moving average is $27.84 and its two-hundred day moving average is $26.73.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 16th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Research analysts predict that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial declared that its board has approved a stock buyback plan on Wednesday, December 10th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the bank to buy up to 12.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.06 annualized dividend and a yield of 4.0%. Regions Financial’s dividend payout ratio is presently 46.29%.

Insider Buying and Selling

In other Regions Financial news, EVP William D. Ritter sold 36,000 shares of Regions Financial stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $28.78, for a total value of $1,036,080.00. Following the completion of the transaction, the executive vice president directly owned 17,569 shares of the company’s stock, valued at $505,635.82. The trade was a 67.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and set a $32.00 target price on shares of Regions Financial in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regions Financial in a research note on Monday, December 29th. Barclays increased their price target on Regions Financial from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, January 5th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $31.00 price objective on shares of Regions Financial in a report on Tuesday, January 20th. Finally, Evercore cut shares of Regions Financial from an “in-line” rating to an “underperform” rating and upped their target price for the company from $27.00 to $29.00 in a research report on Tuesday, January 6th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Regions Financial currently has a consensus rating of “Hold” and a consensus target price of $29.91.

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.