National Bank of Canada FI Purchases 1,452,956 Shares of Regions Financial Co. (NYSE:RF)

National Bank of Canada FI lifted its position in Regions Financial Co. (NYSE:RF) by 575.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,705,273 shares of the bank’s stock after purchasing an additional 1,452,956 shares during the quarter. National Bank of Canada FI owned about 0.19% of Regions Financial worth $39,784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. American National Bank & Trust raised its holdings in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP raised its stake in Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares in the last quarter. Innealta Capital LLC bought a new stake in Regions Financial during the second quarter valued at approximately $32,000. Finally, EdgeRock Capital LLC purchased a new position in Regions Financial in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

RF has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. DA Davidson lifted their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Truist Financial upped their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Evercore ISI raised their price objective on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group upped their target price on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Regions Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.18.

Regions Financial Trading Down 0.1 %

Shares of RF opened at $26.26 on Monday. The stock has a market capitalization of $23.87 billion, a P/E ratio of 14.84, a PEG ratio of 2.72 and a beta of 1.19. Regions Financial Co. has a twelve month low of $16.86 and a twelve month high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $24.85 and a two-hundred day simple moving average of $22.34.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. On average, research analysts anticipate that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.81%. Regions Financial’s dividend payout ratio is presently 56.50%.

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.