United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $741,000 in Regions Financial Co. (NYSE:RF)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Regions Financial Co. (NYSE:RF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,500 shares of the bank’s stock, valued at approximately $741,000.

A number of other large investors also recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Regions Financial by 57.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,153,937 shares of the bank’s stock valued at $27,141,000 after buying an additional 419,930 shares during the last quarter. Modern Wealth Management LLC bought a new position in Regions Financial during the 4th quarter worth approximately $201,000. Stevens Capital Management LP increased its stake in Regions Financial by 49.6% in the 4th quarter. Stevens Capital Management LP now owns 15,548 shares of the bank’s stock worth $366,000 after purchasing an additional 5,154 shares during the period. LPL Financial LLC lifted its position in Regions Financial by 4.0% in the fourth quarter. LPL Financial LLC now owns 939,376 shares of the bank’s stock valued at $22,094,000 after purchasing an additional 36,438 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Regions Financial during the fourth quarter valued at approximately $7,334,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company’s stock, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 3,993 shares of company stock worth $89,682 in the last three months. Company insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on RF. Barclays lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Citigroup lowered their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday. Piper Sandler raised their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Compass Point upped their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.28.

Regions Financial Trading Up 0.8 %

Shares of Regions Financial stock opened at $22.44 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $20.32 billion, a PE ratio of 11.57, a P/E/G ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company’s fifty day simple moving average is $23.40 and its 200-day simple moving average is $23.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.46%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

About Regions Financial

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.