85,704 Regions Financial Corporation $RF Shares Purchased by Fulcrum Asset Management LLP

by · The Markets Daily

Fulcrum Asset Management LLP boosted its stake in shares of Regions Financial Corporation (NYSE:RF – Free Report) by 35,561.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 85,945 shares of the bank’s stock after buying an additional 85,704 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Regions Financial were worth $2,311,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RF. State Street Corp boosted its stake in Regions Financial by 6.2% during the second quarter. State Street Corp now owns 50,667,092 shares of the bank’s stock worth $1,543,092,000 after buying an additional 2,953,594 shares during the period. First Trust Advisors LP increased its position in Regions Financial by 75.7% during the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock valued at $348,936,000 after acquiring an additional 5,754,487 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Regions Financial by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,827,358 shares of the bank’s stock valued at $256,633,000 after acquiring an additional 140,398 shares during the last quarter. Nykredit A S purchased a new stake in shares of Regions Financial in the second quarter valued at $236,756,000. Finally, Bank of America Corp DE purchased a new stake in shares of Regions Financial in the second quarter valued at $219,068,000. 79.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RF has been the subject of several analyst reports. Stephens restated an “outperform” rating on shares of Regions Financial in a report on Monday, October 19th. Truist Financial cut their price target on shares of Regions Financial from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, October 20th. Royal Bank Of Canada reduced their price objective on shares of Regions Financial from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, October 19th. Keefe, Bruyette & Woods raised their price objective on shares of Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, July 20th. Finally, Wall Street Zen raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Regions Financial has an average rating of “Hold” and a consensus target price of $31.00.

Check Out Our Latest Stock Analysis on Regions Financial

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $28.71 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $28.28 and its two-hundred day moving average is $28.70. Regions Financial Corporation has a 52 week low of $23.59 and a 52 week high of $32.47. The company has a market capitalization of $24.46 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.17 and a beta of 1.01.

Regions Financial (NYSE:RF – Get Free Report) last released its earnings results on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. As a group, analysts expect that Regions Financial Corporation will post 2.70 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Regions Financial’s dividend payout ratio (DPR) is currently 47.06%.

About Regions Financial

(Free Report)

Regions Financial Corporation (NYSE: RF) is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, Regions Bank, provides banking and related financial services to individuals, businesses and institutions. The company’s services include consumer and commercial banking, lending, mortgage banking, treasury and payment services, and wealth management. Regions also offers services such as investment and trust management through its wealth business. Regions traces its history to First Alabama Bancshares, established in 1971, and serves customers across the South and parts of the Midwest and Texas.

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