Regions Financial Co. (NYSE:RF) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lowered its position in shares of Regions Financial Co. (NYSE:RF) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 643,560 shares of the bank’s stock after selling 6,073 shares during the period. Financial Counselors Inc.’s holdings in Regions Financial were worth $15,137,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. LBP AM SA grew its stake in shares of Regions Financial by 149.4% in the 4th quarter. LBP AM SA now owns 730,614 shares of the bank’s stock worth $17,184,000 after purchasing an additional 437,691 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Regions Financial in the fourth quarter valued at $1,965,000. Aprio Wealth Management LLC acquired a new stake in shares of Regions Financial during the 4th quarter valued at $1,247,000. Nordea Investment Management AB boosted its stake in shares of Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock worth $6,220,000 after acquiring an additional 99,115 shares in the last quarter. Finally, Vest Financial LLC grew its holdings in shares of Regions Financial by 20.4% in the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock worth $34,806,000 after acquiring an additional 250,729 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 3,993 shares of company stock worth $89,682. Company insiders own 0.29% of the company’s stock.

Regions Financial Trading Up 0.8 %

Shares of RF stock opened at $22.44 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The firm’s fifty day simple moving average is $23.40 and its 200 day simple moving average is $23.96. The firm has a market capitalization of $20.32 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.46%. Regions Financial’s dividend payout ratio is currently 51.55%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Compass Point raised their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Citigroup dropped their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday. Piper Sandler upped their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Truist Financial lowered their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.28.

About Regions Financial

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.