Squarepoint Ops LLC Has $98.21 Million Stock Position in Regions Financial Corporation $RF

Squarepoint Ops LLC lowered its stake in Regions Financial Corporation (NYSE:RF) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,623,792 shares of the bank’s stock after selling 410,433 shares during the quarter. Squarepoint Ops LLC’s holdings in Regions Financial were worth $98,205,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in shares of Regions Financial in the 2nd quarter valued at $25,000. SouthState Bank Corp lifted its stake in shares of Regions Financial by 94.1% in the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after purchasing an additional 538 shares during the period. Spire Wealth Management lifted 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 during the period. Princeton Global Asset Management LLC lifted 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 during the period. Finally, Leonteq Securities AG acquired a new position in shares of Regions Financial in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Buying and Selling

In related news, EVP Brian R. Willman sold 7,014 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $32.00 price target on shares of Regions Financial in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. cut their price target on Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley cut their price target on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Royal Bank Of Canada raised their price objective on Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, Brean Capital initiated coverage on Regions Financial in a research note on Thursday, March 12th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.73.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $28.60 on Tuesday. The company has a market capitalization of $24.41 billion, a PE ratio of 11.92, a PEG ratio of 1.14 and a beta of 1.00. Regions Financial Corporation has a 12 month low of $21.40 and a 12 month high of $31.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $27.83 and its 200 day simple moving average is $27.69.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. On average, research analysts predict that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s dividend payout ratio (DPR) is presently 44.17%.

About Regions Financial

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.