Nomura Asset Management Co. Ltd. Acquires 3,155 Shares of Regions Financial Co. (NYSE:RF)

Nomura Asset Management Co. Ltd. grew its holdings in Regions Financial Co. (NYSE:RF) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 277,934 shares of the bank’s stock after purchasing an additional 3,155 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Regions Financial were worth $6,537,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Y.D. More Investments Ltd increased its holdings in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at $28,000. Picton Mahoney Asset Management raised its position in shares of Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after acquiring an additional 1,201 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Regions Financial during the fourth quarter valued at $32,000. Finally, Legacy Investment Solutions LLC bought a new position in Regions Financial in the third quarter valued at about $37,000. Institutional investors own 79.39% of the company’s stock.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders bought 3,868 shares of company stock worth $86,722. 0.29% of the stock is owned by corporate insiders.

Regions Financial Stock Performance

Shares of RF stock opened at $21.77 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The company’s 50 day moving average price is $23.20 and its two-hundred day moving average price is $23.95. The company has a market capitalization of $19.71 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. On average, analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.59%. Regions Financial’s payout ratio is presently 51.55%.

Analyst Ratings Changes

Several brokerages have weighed in on RF. Truist Financial dropped their price objective on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, March 21st. Piper Sandler boosted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Barclays lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Finally, Citigroup cut their price target 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and an average target price of $27.17.

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.