Nomura Holdings Inc. acquires new position in Regions Financial Co. (NYSE:RF)

Nomura Holdings Inc. acquired a new stake in Regions Financial Co. in the fourth quarter. (NYSE:RF – Free Report), according to its most recent 13F filing with the SEC. The fund acquired 66,496 shares of the bank, valued at approximately $1,289,000.

Other hedge funds and other institutional investors have also increased or decreased their stakes in the company. Laurel Wealth Advisors LLC grew its holdings in Regions Financial by 86.5% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after acquiring an additional 649 shares during the period. ICA Group Wealth Management LLC bought a new stake in Regions Financial in the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC grew its holdings in Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after acquiring an additional 750 shares during the period. Glassman Wealth Services increased its stake in Regions Financial by 163.3% in the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after acquiring an additional 967 shares during the period. Finally, West Paces Advisors Inc. expanded its holdings in Regions Financial by 277.2% in the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank, valued at $41,000, after purchasing another 1,752 shares in the last quarter. 79.39% of the shares are currently held by institutional investors.

Regions Financial shares rise 0.4%

Shares of RF opened at $18.98 on Thursday. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 10.32, a price-to-earnings ratio of 2.07, and a beta of 1.19. The stock has a 50-day simple moving average of $19.27 and a two-hundred-day simple moving average of $19.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.08.

Regions Financial (NYSE:RF – Get Free Report) last reported its quarterly earnings data on Friday, April 19. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.45 by ($0.08). Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter of the previous year, the company posted earnings per share of $0.62. The company’s revenue for the quarter fell 10.5% compared to the same quarter last year. On average, analysts predict that Regions Financial Co. will post a profit per share of 1.96 for the current financial year.

Announcement of financial dividend for the regions

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1. Shareholders of note on Monday, June 3 will receive a dividend of $0.24. The ex-dividend date is Monday, June 3. This represents a dividend of $0.96 annually and a yield of 5.06%. Regions Financial’s payout ratio currently stands at 52.17%.

Changes in analyst ratings

A number of research analysts have weighed in on the company. Evercore ISI raised their price target on Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a report on Thursday, March 28. Truist Financial lowered their target price on Regions Financial from $22.00 to $20.00 and set a “hold” rating on the company in a report on Monday, April 22. Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $20.00 to $23.00 in a report on Monday, March 18th. Piper Sandler raised their price target on Regions Financial from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, April 26. Finally, Keefe, Bruyette & Woods raised their price target on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.34.

Read our latest research report on financial regions

Buying and selling with insider information at Regions Financial

In financial news from other regions, EVP William D. Ritter sold 23,000 shares of the company’s stock in a transaction that occurred on Friday, May 3. The shares sold at an average price of $19.95, for a total value of $458,850.00. Following the completion of the sale, the executive vice president now owns 41,671 shares of the company’s stock, valued at $831,336.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, EVP William D. Ritter sold 23,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares sold at an average price of $19.95, for a total transaction of $458,850.00. Following the completion of the transaction, the executive vice president now owns 41,671 shares of the company’s stock, valued at $831,336.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William C. Rhodes III purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average price of $19.37 per share, with a total value of $968,500.00. Following the acquisition, the director now owns 50,000 shares of the company, valued at $968,500. The explanation for this purchase can be found here. Corporate insiders own 0.33% of the company’s shares.

About financial regions

(Free report)

Regions Financial Corporation, a financial holding company, provides banking and banking-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank and Wealth Management. The Corporate Bank segment provides commercial banking services such as commercial and industrial real estate, commercial real estate and real estate lending to investors; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, mergers and acquisitions, and other advisory services.

Featured Stories

Would you like to see which other hedge funds own RF? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Regions Financial Co. (NYSE:RF – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat editorial staff before publication. Send any questions or comments about this story to [email protected].

Before you consider Regions Financial, you’ll want to hear this.

MarketBeat daily tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly urging their clients to buy now before the broader market takes hold… and Regions Financial wasn’t on the list.

While Regions Financial is currently rated Hold among analysts, top analysts believe these five stocks are better buys.

View the five stocks here

Wondering where to start (or end) with AI stocks? These ten simple stocks can help investors build long-term wealth as artificial intelligence continues to grow in the future.

Get this free report

Do you like this article? Share it with a colleague.

Link copied to clipboard.