Regions Financial Corporation $RF Shares Bought by Korea Investment CORP

Korea Investment CORP boosted its holdings in shares of Regions Financial Corporation (NYSE:RF) by 4.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 868,646 shares of the bank’s stock after buying an additional 40,401 shares during the quarter. Korea Investment CORP owned 0.10% of Regions Financial worth $20,431,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. American National Bank & Trust raised its holdings in shares of Regions Financial by 2,433.3% during the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after purchasing an additional 1,022 shares during the last quarter. CVA Family Office LLC boosted its holdings in Regions Financial by 163.2% in the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after purchasing an additional 656 shares during the last quarter. Bayforest Capital Ltd grew its position in Regions Financial by 637.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after purchasing an additional 1,058 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Regions Financial during the 2nd quarter valued at about $30,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Regions Financial in the 2nd quarter valued at about $32,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Trading Up 0.0%

Shares of NYSE:RF opened at $25.46 on Friday. The business’s 50 day moving average price is $25.00 and its 200-day moving average price is $24.67. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.60. The firm has a market capitalization of $22.33 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. The company had revenue of $1.81 billion during the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. On average, equities research 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 declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, December 1st. Regions Financial’s dividend payout ratio is 46.70%.

Analyst Upgrades and Downgrades

Several research firms recently commented on RF. Citigroup raised their target price on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Cowen reaffirmed a “buy” rating on shares of Regions Financial in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Truist Financial lowered their price target on shares of Regions Financial from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Monday, October 20th. Finally, Stephens restated an “equal weight” rating and set a $27.00 price target (down previously from $30.00) on shares of Regions Financial in a research report on Tuesday, October 14th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and a consensus target price of $28.19.

About Regions Financial

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.