Envestnet Portfolio Solutions Inc. Has $12.20 Million Position in Regions Financial Co. (NYSE:RF)

Envestnet Portfolio Solutions Inc. cut its stake in shares of Regions Financial Co. (NYSE:RF) by 12.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 518,783 shares of the bank’s stock after selling 75,603 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.06% of Regions Financial worth $12,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RF. Natixis Advisors LLC lifted its stake in shares of Regions Financial by 11.7% in the 4th quarter. Natixis Advisors LLC now owns 163,117 shares of the bank’s stock valued at $3,837,000 after purchasing an additional 17,086 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of Regions Financial by 3.3% in the 4th quarter. Frank Rimerman Advisors LLC now owns 31,526 shares of the bank’s stock valued at $741,000 after purchasing an additional 1,017 shares during the period. Picton Mahoney Asset Management lifted its stake in shares of Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,201 shares during the period. LBP AM SA lifted 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 valued at $17,184,000 after purchasing an additional 437,691 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Regions Financial by 19.7% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 379,396 shares of the bank’s stock valued at $8,923,000 after purchasing an additional 62,396 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 4,523 shares of company stock worth $102,269. Insiders own 0.29% of the company’s stock.

Regions Financial Price Performance

Shares of NYSE RF opened at $21.45 on Monday. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The stock’s 50 day moving average price is $23.67 and its 200-day moving average price is $24.01. The company has a market capitalization of $19.42 billion, a PE ratio of 11.05, a PEG ratio of 1.93 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The company’s revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid 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 4.66%. Regions Financial’s payout ratio is presently 51.55%.

Wall Street Analysts Forecast Growth

RF has been the topic of a number of recent analyst reports. Truist Financial boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Compass Point boosted their target price on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler boosted their target price on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Barclays boosted their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and an average price target of $27.56.

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.