Nissay Asset Management Corp Japan ADV Increases Stock Holdings in Regions Financial Co. (NYSE:RF)

Nissay Asset Management Corp Japan ADV boosted its position in Regions Financial Co. (NYSE:RF) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,725 shares of the bank’s stock after purchasing an additional 1,253 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Regions Financial were worth $2,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd lifted its position in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Regions Financial during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management lifted its position in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after buying an additional 1,201 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Regions Financial during the 4th quarter valued at about $32,000. Finally, Creative Capital Management Investments LLC purchased a new position in shares of Regions Financial during the 4th quarter valued at about $44,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RF shares. Citigroup decreased their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company decreased their target price on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Stephens decreased their target price on Regions Financial from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. TD Cowen started coverage on Regions Financial in a research note on Thursday. They set a “buy” rating and a $31.00 target price on the stock. Finally, Truist Financial decreased their target price on Regions Financial from $24.00 to $21.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.80.

Regions Financial Stock Performance

NYSE RF opened at $22.60 on Friday. The company has a market cap of $20.31 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The business’s 50 day moving average price is $20.69 and its 200-day moving average price is $23.21. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last released its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the previous year, the company posted $0.37 EPS. Sell-side analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial’s dividend payout ratio is currently 48.08%.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at $370,353.48. The trade was a 15.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.29% of the company’s stock.

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.