Dean Capital Management Purchases 593 Shares of Regions Financial Co. (NYSE:RF)

Dean Capital Management lifted its holdings in Regions Financial Co. (NYSE:RF) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 73,151 shares of the bank’s stock after buying an additional 593 shares during the period. Dean Capital Management’s holdings in Regions Financial were worth $1,721,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. World Investment Advisors LLC increased its stake in shares of Regions Financial by 14.5% in 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Regions Financial during the third quarter valued at about $56,000. Franklin Resources Inc. raised its holdings in shares of Regions Financial by 30.9% during the third quarter. Franklin Resources Inc. now owns 702,627 shares of the bank’s stock valued at $16,758,000 after purchasing an additional 165,710 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of Regions Financial by 3.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,233 shares of the bank’s stock worth $403,000 after purchasing an additional 584 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Regions Financial by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank’s stock valued at $25,376,000 after buying an additional 34,125 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the acquisition, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on RF shares. Wells Fargo & Company cut their price target on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Stephens reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Truist Financial lowered their price objective on shares of Regions Financial from $24.00 to $21.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, April 21st. Finally, Citigroup 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 report on Monday, March 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Regions Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.53.

Regions Financial Trading Down 1.8 %

Shares of RF stock opened at $20.72 on Wednesday. The company has a 50 day moving average of $20.74 and a 200-day moving average of $23.31. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The firm has a market cap of $18.76 billion, a P/E ratio of 10.68, a PEG ratio of 1.93 and a beta of 0.97. 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 issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. Sell-side analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 4.83%. Regions Financial’s payout ratio is 48.08%.

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.