Jump Financial LLC Makes New Investment in Regions Financial Co. (NYSE:RF)

Jump Financial LLC bought a new stake in Regions Financial Co. (NYSE:RF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 115,712 shares of the bank’s stock, valued at approximately $2,722,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Y.D. More Investments Ltd boosted its holdings in Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Regions Financial in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management boosted its stake in shares of Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after acquiring an additional 1,201 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Regions Financial during the fourth quarter worth approximately $32,000. Finally, Creative Capital Management Investments LLC purchased a new stake in shares of Regions Financial during the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of NYSE:RF opened at $19.26 on Friday. The firm has a market capitalization of $17.44 billion, a PE ratio of 9.93, a P/E/G ratio of 1.93 and a beta of 1.01. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The business has a 50-day moving average of $21.69 and a two-hundred day moving average of $23.58.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter in the prior year, the business earned $0.37 earnings per share. As a group, research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.19%. Regions Financial’s dividend payout ratio (DPR) is currently 51.55%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their price target on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Morgan Stanley lowered their price objective on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. Citigroup reduced their price objective on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. decreased their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company dropped their price target on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.42.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson purchased 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This represents a 15.15 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 3,343 shares of company stock worth $74,348. 0.29% of the stock is currently owned by company insiders.

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.