Weiss Asset Management LP Invests $7. 47 Million in Regions Financial Corporation $RF
Weiss Asset Management LP bought a new stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 285,920 shares of the bank's stock, valued at approximately $
Weiss Asset Management LP bought a new stake in shares of Regions Financial Corporation (NYSE:RF-Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 285,920 shares of the bank's stock, valued at approximately $7,468,000. GetRegions Financialalerts:3 Regional Bank Stocks to Buy on Relaxed RegulationsSeveral other hedge funds also recently bought and sold shares of the stock. Darwin Wealth Management LLC purchased a new stake in shares of Regions Financial in the second quarter valued at $25,000. SouthState Bank Corp increased its position in Regions Financial by 94. 1% during the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank's stock worth $30,000 after purchasing an additional 538 shares in the last quarter. Spire Wealth Management increased its position in Regions Financial by 91. 5% during the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank's stock worth $32,000 after purchasing an additional 557 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in Regions Financial by 260. 4% in the 4th 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 during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Regions Financial during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 79. 39% of the company's stock. Regions Financial Trading Up 0. 5%NYSE RFopened at $30. 82 on Friday. Regions Financial Corporation has a 12 month low of $22. 70 and a 12 month high of $32. 47. The company has a 50-day moving average of $29. 36 and a 200-day moving average of $28. 36. The company has a debt-to-equity ratio of 0. 26, a current ratio of 0. 81 and a quick ratio of 0. 81. The company has a market cap of $26. 31 billion, a P/E ratio of 12. 58, a P/E/G ratio of 1. 18 and a beta of 1. 00. New York Community Bank stock plummets amid real estate risksRegions Financial (NYSE:RF-Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0. 68 earnings per share for the quarter, topping the consensus estimate of $0. 63 by $0. 05. Regions Financial had a net margin of 23. 33% and a return on equity of 12. 88%. The business had revenue of $1. 95 billion for the quarter, compared to analyst estimates of $1. 94 billion. During the same period in the prior year, the firm posted $0. 60 EPS. The company's revenue was up . 1% on a year-over-year basis. As a group, equities analysts predict that Regions Financial Corporation will post 2. 62 earnings per share for the current year. Regions Financial Increases DividendThe business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0. 30 per share. This is an increase from Regions Financial's previous quarterly dividend of $0. 27. This represents a $1. 20 dividend on an annualized basis and a yield of 3. 9%. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial's payout ratio is 43. 27%. Analyst Upgrades and DowngradesChallenges Loom for Regional Banks as Interest Rates SurgeA number of equities analysts have recently weighed in on RF shares. DA Davidson boosted their price objective on shares of Regions Financial from $33. 00 to $34. 00 and gave the company a "neutral" rating in a research report on Monday, July 20th. Wells Fargo & Company raised their target price on shares of Regions Financial from $28. 00 to $30. 00 and gave the stock an "underweight" rating in a research report on Monday, July 6th. Cantor Fitzgerald lifted their target price on shares of Regions Financial from $34. 00 to $35. 00 and gave the stock an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Regions Financial from $29. 00 to $31. 50 and gave the company a "neutral" rating in a report on Monday, July 6th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $34. 00 price target on shares of Regions Financial in a research note on Monday, July 20th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat. com, the company has an average rating of "Hold" and a consensus price target of $32. 21. Get Our Latest Report on RFInsiders Place Their BetsIn other Regions Financial news, EVPBrian R. Willmansold 7,014 shares of Regions Financial stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27. 91, for a total value of $195,760. 74. The sale was disclosed in a document filed with the SEC, which is available atthe SEC website. 0. 34% of the stock is currently owned by corporate insiders. Regions Financial Company Profile(Free Report)Regions Financial CorporationNYSE: RFis 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. Featured ArticlesFive stocks we like better than Regions FinancialTelecom Earnings Reveal a Sector That Finally Looks HealthierDefense Earnings Show Readiness Now and Modernization AheadWhy Palantir Investors Aren't Panicking While the Rest of AI Sells OffMarketBeat Week in Review – 07/20- 07/24Want to see what other hedge funds are holding RF?Visit HoldingsChannel. comto get the latest 13F filings and insider trades for Regions Financial Corporation (NYSE:RF-Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Should You Invest $1,000 in Regions Financial Right Now?Before you consider Regions Financial, you'll want to hear this. 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