Dynamic Technology Lab Private Ltd Buys Shares of 94,599 Regions Financial Co. (NYSE:RF)

Dynamic Technology Lab Private Ltd purchased a new stake in Regions Financial Co. (NYSE:RF) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 94,599 shares of the bank’s stock, valued at approximately $2,225,000. Regions Financial accounts for 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 20th biggest holding.

Several other large investors have also recently made changes to their positions in RF. FMR LLC grew its stake in Regions Financial by 8.4% during the 3rd quarter. FMR LLC now owns 3,109,633 shares of the bank’s stock worth $72,548,000 after buying an additional 241,838 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Regions Financial by 16.0% during the third quarter. Captrust Financial Advisors now owns 108,572 shares of the bank’s stock valued at $2,533,000 after buying an additional 14,958 shares during the last quarter. Investment Management Corp of Ontario raised its stake in Regions Financial by 47.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 30,395 shares of the bank’s stock worth $709,000 after acquiring an additional 9,800 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Regions Financial during the 3rd quarter worth about $17,589,000. Finally, Quarry LP grew its stake in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Insider Transactions at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the purchase, the director now owns 17,486 shares of the company’s stock, valued at $370,353.48. This represents a 15.15 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders acquired 3,868 shares of company stock worth $86,722. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RF. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Truist Financial reduced their price target on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Citigroup decreased their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Compass Point raised their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company dropped their price objective on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.95.

Regions Financial Trading Down 4.9 %

Shares of RF stock opened at $18.64 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The company’s 50-day moving average price is $22.88 and its 200-day moving average price is $23.87. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. As a group, equities analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date was Monday, March 3rd. Regions Financial’s dividend payout ratio is presently 51.55%.

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.