7,839,597 Shares in Regions Financial Corporation $RF Purchased by Nykredit A S

Nykredit A S purchased a new stake in Regions Financial Corporation (NYSE:RF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,839,597 shares of the bank’s stock, valued at approximately $236,756,000. Regions Financial comprises 0.8% of Nykredit A S’s holdings, making the stock its 25th largest position.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in Regions Financial by 8.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,107,015 shares of the bank’s stock valued at $63,645,000 after purchasing an additional 165,527 shares during the period. Swiss Life Asset Management Ltd increased its position in Regions Financial by 244.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after buying an additional 1,600,926 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Regions Financial by 3.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,859,466 shares of the bank’s stock worth $51,247,000 after buying an additional 69,191 shares during the period. Royal Palms Capital LLC acquired a new stake in shares of Regions Financial during the fourth quarter worth $4,137,000. Finally, Waterloo Capital L.P. lifted its holdings in shares of Regions Financial by 123.7% during the fourth quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock worth $3,683,000 after buying an additional 75,149 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Performance

NYSE:RF opened at $29.95 on Thursday. The stock has a fifty day moving average price of $30.88 and a 200-day moving average price of $28.78. The company has a market cap of $25.52 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $32.47.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 17th. The bank reported $0.68 earnings per share (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 for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $0.60 EPS. Regions Financial’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Regions Financial Corporation will post 2.63 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently disclosed 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. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial’s dividend payout ratio (DPR) is currently 48.98%.

Analysts Set New Price Targets

Several equities analysts recently commented on RF shares. Robert W. Baird restated an “underperform” rating and issued a $28.00 price target on shares of Regions Financial in a research note on Monday, July 6th. Stephens began coverage on shares of Regions Financial in a research note on Monday, June 15th. They issued an “equal weight” rating and a $31.00 price objective for the company. Citigroup boosted their price objective on shares of Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a report on Monday, July 20th. DA Davidson increased their target price on shares of Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Finally, Truist Financial raised their target price on shares of Regions Financial from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Regions Financial has an average rating of “Hold” and an average price target of $32.24.

Regions Financial Company 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.