Kapitalo Investimentos Ltda Invests $98,000 in Regions Financial Co. (NYSE:RF)

Kapitalo Investimentos Ltda acquired a new stake in shares of Regions Financial Co. (NYSE:RF) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,177 shares of the bank’s stock, valued at approximately $98,000.

Other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC grew its position in shares of Regions Financial by 14.5% during the 3rd quarter. World Investment Advisors LLC now owns 15,837 shares of the bank’s stock valued at $369,000 after acquiring an additional 2,010 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Regions Financial during the third quarter valued at $56,000. Tidal Investments LLC grew its holdings in Regions Financial by 2.0% during the third quarter. Tidal Investments LLC now owns 127,326 shares of the bank’s stock valued at $2,971,000 after purchasing an additional 2,531 shares during the period. Synovus Financial Corp increased its position in Regions Financial by 55.9% in the third quarter. Synovus Financial Corp now owns 375,572 shares of the bank’s stock worth $8,762,000 after buying an additional 134,615 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Regions Financial by 30.9% in the third quarter. Franklin Resources Inc. now owns 702,627 shares of the bank’s stock worth $16,758,000 after buying an additional 165,710 shares during the period. Institutional investors own 79.39% of the company’s stock.

Insider Activity

In other news, Director Joia M. Johnson acquired 2,300 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock.

Regions Financial Price Performance

RF stock opened at $20.40 on Thursday. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The firm has a market capitalization of $18.47 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The company has a fifty day simple moving average of $20.95 and a two-hundred day simple moving average of $23.40. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $0.37 earnings per share. Analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Monday, June 2nd. Regions Financial’s dividend payout ratio is currently 48.08%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RF. Stephens reduced their target price on shares of Regions Financial from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. reduced their price objective on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. The Goldman Sachs Group lowered their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Truist Financial decreased their price target on Regions Financial from $24.00 to $21.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price objective on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.53.

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.