AXQ Capital LP Makes New Investment in Regions Financial Co. (NYSE:RF)

AXQ Capital LP bought a new stake in shares of Regions Financial Co. (NYSE:RF) during the fourth quarter, Holdings Channel.com reports. The fund bought 18,623 shares of the bank’s stock, valued at approximately $438,000.

A number of other large investors have also recently modified their holdings of the stock. Y.D. More Investments Ltd lifted its holdings in Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares during the period. Sierra Ocean LLC bought a new position in shares of Regions Financial in the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management lifted its stake in shares of Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,201 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Regions Financial during the fourth quarter valued at approximately $32,000. Finally, Truvestments Capital LLC purchased a new stake in Regions Financial in the third quarter worth $37,000. Institutional investors own 79.39% of the company’s stock.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price 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. The trade was a 15.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 3,993 shares of company stock worth $89,682 in the last three months. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Compass Point raised their price objective on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Barclays lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Morgan Stanley restated an “equal weight” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Piper Sandler lifted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Truist Financial cut their price target on Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and a consensus price target of $27.44.

Regions Financial Stock Performance

Shares of RF stock opened at $21.68 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $23.46 and a 200-day moving average price of $23.95. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The firm has a market capitalization of $19.63 billion, a PE ratio of 11.17, a P/E/G ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF) last posted its 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. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. As a group, equities research analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.61%. Regions Financial’s payout ratio is 51.55%.

Regions Financial 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.