Regions Financial Corp director Joia Johnson acquires $48,702 in stock

Published 13/03/2025, 23:06
Regions Financial Corp director Joia Johnson acquires $48,702 in stock

Joia M. Johnson, a director at Regions Financial Corp (NYSE:RF), recently acquired 2,300 shares of the company’s common stock. The purchase, executed on March 11, 2025, was made at an average price of $21.175 per share, totaling approximately $48,702. The regional bank, currently valued at $18.85 billion, trades at a P/E ratio of 12.25 and offers a dividend yield of 4.75%. According to InvestingPro analysis, the stock’s RSI suggests oversold conditions. Following this transaction, Johnson holds 17,486 shares indirectly through a trust. This acquisition reflects her ongoing involvement and investment in the company, which has maintained dividend payments for 22 consecutive years. InvestingPro offers 8 additional key insights about Regions Financial’s performance and outlook in its comprehensive Pro Research Report.

In other recent news, Regions Financial Corporation has reported a notable increase in its total assets under management, which rose by 4% to 27 billion euros. The company’s management fees also saw a 7% growth, reaching 389 million euros, while third-party assets under management experienced a 10% rise. Citi analyst Keith Horowitz has adjusted the price target for Regions Financial to $28 from $30, maintaining a Buy rating. This adjustment reflects a more conservative outlook on the bank’s return on tangible common equity, now expected at 17%.

Regions Financial is also focusing on strategic growth initiatives, including potential mergers and acquisitions, and enhancing its international presence with senior hires in key regions. The company has plans to increase capital returns to shareholders by 50%, demonstrating its commitment to impact investing and sustainability. Despite a slight decrease in loan growth expectations for the first half of 2025, Citi’s analyst projects a 3% year-over-year increase in net interest income for Regions Financial. The bank’s strong capitalization and potential for share buybacks are factors supporting its positive outlook.

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