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

Mn Services Vermogensbeheer B.V. increased its stake in Regions Financial Corporation (NYSE:RF) by 6.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 358,330 shares of the bank’s stock after acquiring 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 reporting period.

A number of other large investors also recently added to or reduced their stakes in RF. ORG Wealth Partners LLC acquired a new stake in shares of Regions Financial in the fourth quarter valued at about $51,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Regions Financial by 21.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 23,310 shares of the bank’s stock worth $632,000 after purchasing an additional 4,039 shares during the last quarter. Spire Wealth Management lifted its stake in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after buying an additional 557 shares in the last quarter. LVW Advisors LLC lifted its stake in Regions Financial by 28.4% in the 4th quarter. LVW Advisors LLC now owns 18,392 shares of the bank’s stock valued at $498,000 after buying an additional 4,067 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Regions Financial by 1.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 77,306 shares of the bank’s stock worth $2,095,000 after buying an additional 1,339 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Up 0.8%

RF stock opened at $26.33 on Thursday. 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 has a 50-day moving average of $27.84 and a two-hundred day moving average of $26.73. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $31.53. The company 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.

Regions Financial (NYSE:RF) last issued its earnings results 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). The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. As a group, analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were given a dividend of $0.265 per share. The ex-dividend date 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 presently 46.29%.

Regions Financial declared that its board has approved a stock repurchase program on Wednesday, December 10th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the bank to buy up to 12.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

RF has been the subject of several research reports. Wall Street Zen lowered Regions Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. UBS Group restated a “neutral” rating and issued a $30.00 target price on shares of Regions Financial in a research report on Wednesday, February 4th. Morgan Stanley dropped their price target on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday. Barclays increased their price objective on Regions Financial from $27.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, January 5th. Finally, Evercore lowered Regions Financial from an “in-line” rating to an “underperform” rating and raised their price objective for the company from $27.00 to $29.00 in a report on Tuesday, January 6th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $29.91.

Insiders Place Their Bets

In other Regions Financial 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.

Regions Financial Company 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.