Entropy Technologies LP Purchases 219,076 Shares of Regions Financial Corporation $RF

Entropy Technologies LP boosted its stake in shares of Regions Financial Corporation (NYSE:RF) by 427.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 270,353 shares of the bank’s stock after buying an additional 219,076 shares during the quarter. Entropy Technologies LP’s holdings in Regions Financial were worth $7,062,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new stake in shares of Regions Financial in the second quarter valued at about $25,000. SouthState Bank Corp increased 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 last quarter. Spire Wealth Management grew its holdings in shares of Regions Financial by 91.5% during 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 last quarter. Princeton Global Asset Management LLC grew its stake in shares of Regions Financial by 260.4% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after buying an additional 854 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in Regions Financial in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.34% of the company’s stock.

Regions Financial Stock Up 0.5%

RF stock opened at $30.82 on Friday. The business’s 50 day moving average price is $29.36 and its two-hundred day moving average price is $28.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $26.31 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.18 and a beta of 1.00. 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 quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. Regions Financial’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. As a group, analysts forecast that Regions Financial Corporation will post 2.62 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This is an increase from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. Regions Financial’s payout ratio is 43.27%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group boosted their price objective on Regions Financial from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Wells Fargo & Company increased their target price on shares of Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. Robert W. Baird reaffirmed an “underperform” rating and set a $28.00 price objective on shares of Regions Financial in a report on Monday, July 6th. Citigroup increased their target price on Regions Financial from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Sandler cut their price target on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 30th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $32.21.

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.