Regions Financial Corporation $RF Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Regions Financial Corporation (NYSE:RF) by 57.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,537 shares of the bank’s stock after buying an additional 19,873 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Regions Financial were worth $1,425,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in shares of Regions Financial in the second quarter worth about $25,000. SouthState Bank Corp grew its position in shares of Regions Financial by 94.1% during the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after acquiring an additional 538 shares during the period. Princeton Global Asset Management LLC increased its stake in shares of Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after purchasing an additional 854 shares in the last quarter. Spire Wealth Management increased its stake in shares of 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 purchasing an additional 557 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Regions Financial in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RF shares. Robert W. Baird reiterated an “underperform” rating and set a $28.00 price target on shares of Regions Financial in a research report on Monday, July 6th. Morgan Stanley boosted their price objective on Regions Financial from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Wells Fargo & Company upped their target price on Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. UBS Group increased their target price on Regions Financial from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Regions Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Monday, July 20th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.24.

Regions Financial Trading Up 0.5%

RF stock opened at $31.01 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26. Regions Financial Corporation has a 12-month low of $22.70 and a 12-month high of $32.47. The stock has a market cap of $26.46 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.18 and a beta of 1.00. The business’s 50-day moving average is $29.71 and its 200 day moving average is $28.45.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 17th. The bank reported $0.68 EPS for the quarter, topping the consensus estimate of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business earned $0.60 EPS. Regions Financial’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts anticipate that Regions Financial Corporation will post 2.63 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 1st. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. Regions Financial’s dividend payout ratio (DPR) is presently 43.27%.

Insider Activity at Regions Financial

In related news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

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.