AG2R LA Mondiale Gestion D Actifs Invests $859,000 in Regions Financial Corporation $RF

AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Regions Financial Corporation (NYSE:RF) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 40,079 shares of the bank’s stock, valued at approximately $859,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Inspire Investing LLC raised its holdings in Regions Financial by 32.4% during the 1st quarter. Inspire Investing LLC now owns 14,529 shares of the bank’s stock valued at $316,000 after acquiring an additional 3,553 shares during the period. Strs Ohio purchased a new position in shares of Regions Financial in the first quarter valued at $6,716,000. Intrua Financial LLC bought a new stake in shares of Regions Financial during the 1st quarter valued at $501,000. Geneos Wealth Management Inc. lifted its holdings in Regions Financial by 23.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,731 shares of the bank’s stock worth $146,000 after purchasing an additional 1,294 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in Regions Financial by 0.9% in the 1st quarter. IFM Investors Pty Ltd now owns 180,282 shares of the bank’s stock worth $3,918,000 after purchasing an additional 1,520 shares during the period. 79.39% of the stock is owned by institutional investors.

Insider Activity at Regions Financial

In other Regions Financial news, Director Roger W. Jenkins acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $25.48 per share, with a total value of $101,920.00. Following the purchase, the director owned 6,383 shares of the company’s stock, valued at approximately $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David R. Keenan sold 30,000 shares of Regions Financial stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the transaction, the executive vice president owned 90,915 shares in the company, valued at approximately $2,273,784.15. The trade was a 24.81% decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RF has been the topic of a number of recent analyst reports. DA Davidson increased their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Barclays reiterated an “underweight” rating and issued a $27.00 target price (up from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. Cantor Fitzgerald started coverage on shares of Regions Financial in a research report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 price target for the company. Jefferies Financial Group began coverage on shares of Regions Financial in a report on Wednesday, May 21st. They issued a “hold” rating and a $24.00 price target on the stock. Finally, Citigroup lifted their price objective on Regions Financial from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.47.

Regions Financial Stock Performance

NYSE RF opened at $27.19 on Monday. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96. The company has a fifty day moving average of $25.91 and a 200-day moving average of $22.99. The company has a market capitalization of $24.26 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.56 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 18th. The bank reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities research analysts predict that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.25. Regions Financial’s dividend payout ratio is presently 49.30%.

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.