Canada Post Corp Registered Pension Plan Purchases 45,946 Shares of Regions Financial Corporation $RF

Canada Post Corp Registered Pension Plan lifted its position in shares of Regions Financial Corporation (NYSE:RF) by 259.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,646 shares of the bank’s stock after purchasing an additional 45,946 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Regions Financial were worth $1,725,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RF. Darwin Wealth Management LLC bought a new position in shares of Regions Financial during the second quarter valued at about $25,000. United Community Bank bought a new position in shares of Regions Financial during the third quarter valued at about $30,000. Spire Wealth Management lifted its position in shares of Regions Financial by 91.5% during the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after purchasing an additional 557 shares in the last quarter. Princeton Global Asset Management LLC lifted its position 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 valued at $32,000 after purchasing an additional 854 shares in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Regions Financial during the fourth quarter valued at about $35,000. 79.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on RF shares. Royal Bank Of Canada lifted their price objective on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $31.00 target price on shares of Regions Financial in a research report on Tuesday, January 20th. JPMorgan Chase & Co. reduced their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a research report on Tuesday, March 3rd. Finally, Morgan Stanley reduced their target price on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.06.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Regions Financial Stock Performance

NYSE RF opened at $26.65 on Monday. The company’s 50 day moving average is $26.91 and its 200-day moving average is $27.17. Regions Financial Corporation has a 12-month low of $20.79 and a 12-month high of $31.53. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. The firm has a market cap of $22.75 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts predict that Regions Financial Corporation will post 2.61 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $0.265 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 annualized dividend and a dividend yield of 4.0%. Regions Financial’s payout ratio is 44.17%.

Regions Financial Company Profile

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.