111 Capital Takes $1.29 Million Position in Regions Financial Corporation $RF

111 Capital acquired a new stake in shares of Regions Financial Corporation (NYSE:RF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 49,086 shares of the bank’s stock, valued at approximately $1,294,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in Regions Financial in the second quarter valued at about $25,000. United Community Bank bought a new position in Regions Financial in the 3rd quarter valued at approximately $30,000. Salomon & Ludwin LLC bought a new position in Regions Financial in the 3rd quarter valued at approximately $32,000. Elevation Point Wealth Partners LLC acquired a new stake in Regions Financial during the 2nd quarter worth approximately $33,000. Finally, Clearstead Trust LLC grew its holdings in Regions Financial by 574.5% during the 2nd quarter. Clearstead Trust LLC now owns 1,430 shares of the bank’s stock worth $34,000 after acquiring an additional 1,218 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Insider Activity at Regions Financial

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

Regions Financial Stock Performance

Shares of RF opened at $27.79 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $28.68 and its two-hundred day simple moving average is $26.83. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $31.53. The stock has a market capitalization of $24.00 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 0.98 and a beta of 1.02.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 16th. The bank reported $0.57 earnings per share 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 business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.56 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. As a group, analysts predict that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial announced that its board has approved a share repurchase program on Wednesday, December 10th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the bank to purchase up to 12.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, March 2nd. Regions Financial’s dividend payout ratio is presently 46.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company downgraded shares of Regions Financial from an “equal weight” rating to an “underweight” rating and set a $30.00 price target for the company. in a research note on Friday, January 16th. Piper Sandler increased their price objective on Regions Financial from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Barclays raised their target price on Regions Financial from $27.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, January 5th. UBS Group reiterated a “neutral” rating and issued a $30.00 price target on shares of Regions Financial in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. increased their price target on Regions Financial from $29.00 to $31.50 and gave the company a “neutral” rating in a research note on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.84.

Regions Financial 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.