Regions Financial Corporation $RF Shares Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its stake in Regions Financial Corporation (NYSE:RF) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,593 shares of the bank’s stock after purchasing an additional 25,570 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Regions Financial were worth $3,864,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. LSV Asset Management boosted its holdings in shares of Regions Financial by 4.0% in the 4th quarter. LSV Asset Management now owns 9,286,352 shares of the bank’s stock valued at $251,660,000 after purchasing an additional 357,101 shares during the last quarter. Advisory Alpha LLC boosted its holdings in shares of Regions Financial by 4.3% in the 4th quarter. Advisory Alpha LLC now owns 24,665 shares of the bank’s stock valued at $668,000 after purchasing an additional 1,018 shares during the last quarter. Plan A Wealth LLC boosted its holdings in shares of Regions Financial by 5.2% in the 4th quarter. Plan A Wealth LLC now owns 23,154 shares of the bank’s stock valued at $627,000 after purchasing an additional 1,138 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Regions Financial by 330.5% in the 4th quarter. Global Retirement Partners LLC now owns 21,820 shares of the bank’s stock valued at $591,000 after purchasing an additional 16,751 shares during the last quarter. Finally, Mach 1 Financial Group LLC acquired a new position in shares of Regions Financial in the 4th quarter valued at $270,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on RF. JPMorgan Chase & Co. reduced their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Morgan Stanley dropped their price target on shares of 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. Piper Sandler dropped their target price on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 30th. Truist Financial reissued a “hold” rating and issued a $30.00 target price on shares of Regions Financial in a research report on Tuesday, April 21st. Finally, UBS Group reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Regions Financial in a research report on Wednesday, February 4th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.47.

Insiders Place Their Bets

In other news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by company insiders.

Regions Financial Stock Up 0.1%

NYSE RF opened at $27.87 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50 day simple moving average is $27.01 and its 200 day simple moving average is $27.31. Regions Financial Corporation has a 12 month low of $20.79 and a 12 month high of $31.53. The company has a market capitalization of $23.78 billion, a P/E ratio of 11.61, a PEG ratio of 1.09 and a beta of 1.02.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Equities research analysts expect that Regions Financial Corporation will post 2.61 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 Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.265 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.8%. Regions Financial’s dividend payout ratio is 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.