Caxton Associates LLP Takes $1.26 Million Position in Regions Financial Corporation $RF

Caxton Associates LLP bought a new stake in Regions Financial Corporation (NYSE:RF) during the 1st quarter, HoldingsChannel.com reports. The firm bought 57,750 shares of the bank’s stock, valued at approximately $1,255,000.

A number of other institutional investors have also recently added to or reduced their stakes in RF. Cetera Investment Advisers lifted its position in Regions Financial by 6.8% during the fourth quarter. Cetera Investment Advisers now owns 292,379 shares of the bank’s stock worth $6,877,000 after buying an additional 18,489 shares in the last quarter. Focus Partners Wealth lifted its position in Regions Financial by 20.0% during the fourth quarter. Focus Partners Wealth now owns 30,474 shares of the bank’s stock worth $717,000 after buying an additional 5,074 shares in the last quarter. Logan Capital Management Inc. lifted its position in Regions Financial by 40.4% during the fourth quarter. Logan Capital Management Inc. now owns 132,100 shares of the bank’s stock worth $3,107,000 after buying an additional 38,016 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Regions Financial by 105.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 330,383 shares of the bank’s stock worth $7,771,000 after buying an additional 169,593 shares in the last quarter. Finally, Mubadala Investment Co PJSC purchased a new position in Regions Financial during the fourth quarter worth approximately $3,818,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Insider Buying and Selling at Regions Financial

In related news, Director Roger W. Jenkins bought 4,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $25.48 per share, with a total value of $101,920.00. Following the purchase, the director directly owned 6,383 shares of the company’s stock, valued at $162,638.84. This trade represents a 167.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David R. Keenan sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total value of $750,300.00. Following the transaction, the executive vice president directly owned 90,915 shares of the company’s stock, valued at $2,273,784.15. The trade was a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Cowen started coverage on Regions Financial in a research report on Thursday, May 15th. They set a “buy” rating and a $31.00 price objective on the stock. Morgan Stanley upped their price target on Regions Financial from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Cowen started coverage on Regions Financial in a research note on Wednesday, May 14th. They issued a “buy” rating on the stock. Barclays reaffirmed an “underweight” rating and issued a $27.00 price target (up previously from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. Finally, Truist Financial reaffirmed a “hold” rating on shares of Regions Financial in a research note on Friday, May 23rd. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.33.

Regions Financial Trading Down 0.8%

Shares of NYSE RF opened at $26.83 on Wednesday. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $25.76 and a 200-day simple moving average of $22.92. The stock has a market capitalization of $23.94 billion, a PE ratio of 12.48, a PEG ratio of 1.56 and a beta of 1.02.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 18th. The bank reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. On average, equities analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be paid a $0.265 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from Regions Financial’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.0%. Regions Financial’s payout ratio is presently 49.30%.

Regions Financial Company 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.