Regions Financial Corporation $RF Shares Acquired by American National Bank & Trust

American National Bank & Trust lifted its holdings in Regions Financial Corporation (NYSE:RF) by 2,320.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,859 shares of the bank’s stock after purchasing an additional 23,832 shares during the period. American National Bank & Trust’s holdings in Regions Financial were worth $674,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Centaurus Financial Inc. increased its holdings in Regions Financial by 3.9% during the 2nd quarter. Centaurus Financial Inc. now owns 10,230 shares of the bank’s stock worth $241,000 after purchasing an additional 382 shares during the period. Park Avenue Securities LLC raised its holdings in Regions Financial by 0.6% in the fourth quarter. Park Avenue Securities LLC now owns 79,012 shares of the bank’s stock valued at $2,141,000 after acquiring an additional 443 shares in the last quarter. Fairvoy Private Wealth LLC lifted its stake in Regions Financial by 1.9% in the third quarter. Fairvoy Private Wealth LLC now owns 23,670 shares of the bank’s stock worth $624,000 after acquiring an additional 449 shares during the last quarter. Southeast Asset Advisors LLC grew its holdings in Regions Financial by 0.5% during the 3rd quarter. Southeast Asset Advisors LLC now owns 103,704 shares of the bank’s stock worth $2,735,000 after acquiring an additional 474 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Regions Financial by 11.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,896 shares of the bank’s stock worth $129,000 after acquiring an additional 485 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

RF opened at $26.46 on Friday. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $31.53. The stock has a market cap of $22.85 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.96 and a beta of 1.03. The stock’s 50 day simple moving average is $27.78 and its 200 day simple moving average is $26.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 16th. The bank reported $0.57 EPS for the quarter, missing analysts’ consensus estimates 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 previous year, the firm posted $0.56 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial announced that its Board of Directors has initiated a share buyback program on Wednesday, December 10th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the bank to buy up to 12.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders 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 dividend on an annualized basis and a yield of 4.0%. Regions Financial’s dividend payout ratio (DPR) is currently 46.29%.

Insider Buying and Selling at Regions Financial

In other news, EVP William D. Ritter sold 36,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was 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 directly owned 17,569 shares in the company, valued at $505,635.82. This represents a 67.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RF has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $32.00 price target on shares of Regions Financial in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $31.00 price target on shares of Regions Financial in a research report on Tuesday, January 20th. Morgan Stanley dropped their price objective on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday. Wall Street Zen cut Regions Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Regions Financial from $29.00 to $31.50 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Regions Financial presently has an average 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.