Geneos Wealth Management Inc. Buys 1,294 Shares of Regions Financial Corporation $RF

Geneos Wealth Management Inc. raised its position in shares of Regions Financial Corporation (NYSE:RF) by 23.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,731 shares of the bank’s stock after acquiring an additional 1,294 shares during the period. Geneos Wealth Management Inc.’s holdings in Regions Financial were worth $146,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new stake in shares of Regions Financial in the fourth quarter valued at approximately $704,000. ProShare Advisors LLC raised its position in shares of Regions Financial by 9.5% in the fourth quarter. ProShare Advisors LLC now owns 202,983 shares of the bank’s stock valued at $4,774,000 after buying an additional 17,692 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Regions Financial by 7.7% in the fourth quarter. Toronto Dominion Bank now owns 487,152 shares of the bank’s stock valued at $11,458,000 after buying an additional 34,898 shares in the last quarter. Tidal Investments LLC raised its position in shares of Regions Financial by 13.6% in the fourth quarter. Tidal Investments LLC now owns 144,619 shares of the bank’s stock valued at $3,401,000 after buying an additional 17,293 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Regions Financial by 169.3% in the fourth quarter. Two Sigma Investments LP now owns 392,706 shares of the bank’s stock valued at $9,236,000 after buying an additional 246,906 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Insider Transactions at Regions Financial

In related news, EVP David R. Keenan sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the sale, the executive vice president owned 90,915 shares in the company, valued at $2,273,784.15. This represents a 24.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roger W. Jenkins acquired 4,000 shares of Regions Financial stock in a transaction on Wednesday, August 13th. The stock was purchased at an average cost of $25.48 per share, with a total value of $101,920.00. Following the completion of the transaction, the director directly owned 6,383 shares in the company, valued at $162,638.84. This represents a 167.86% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Truist Financial reiterated a “hold” rating on shares of Regions Financial in a research report on Friday, May 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Regions Financial from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Morgan Stanley boosted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Barclays restated an “underweight” rating and set a $27.00 price objective (up from $24.00) on shares of Regions Financial in a research report on Monday, July 21st. Finally, Stephens boosted their price objective on shares of Regions Financial from $24.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.47.

Regions Financial Price Performance

Shares of NYSE RF opened at $26.56 on Wednesday. The firm’s 50-day moving average price is $25.99 and its 200-day moving average price is $23.04. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $27.96. The firm has a market capitalization of $23.70 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.55 and a beta of 1.02. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, July 18th. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be issued a $0.265 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Regions Financial’s previous quarterly dividend of $0.25. Regions Financial’s dividend payout ratio (DPR) is currently 49.30%.

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.