Signaturefd LLC Sells 1,621 Shares of Regions Financial Co. (NYSE:RF)

Signaturefd LLC cut its position in shares of Regions Financial Co. (NYSE:RF) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,452 shares of the bank’s stock after selling 1,621 shares during the period. Signaturefd LLC’s holdings in Regions Financial were worth $528,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RF. Atria Investments Inc boosted its stake in Regions Financial by 4.1% in the 3rd quarter. Atria Investments Inc now owns 19,100 shares of the bank’s stock valued at $446,000 after buying an additional 754 shares in the last quarter. Natixis Advisors LLC boosted its stake in Regions Financial by 9.0% in the 3rd quarter. Natixis Advisors LLC now owns 146,031 shares of the bank’s stock valued at $3,407,000 after buying an additional 12,033 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Regions Financial by 9.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 79,453 shares of the bank’s stock valued at $1,855,000 after buying an additional 6,665 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Regions Financial by 1.2% in the 3rd quarter. Pathstone Holdings LLC now owns 268,376 shares of the bank’s stock valued at $6,263,000 after buying an additional 3,222 shares in the last quarter. Finally, Caprock Group LLC boosted its stake in Regions Financial by 4.5% in the 3rd quarter. Caprock Group LLC now owns 19,093 shares of the bank’s stock valued at $450,000 after buying an additional 827 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Down 0.4 %

NYSE RF opened at $21.66 on Friday. The stock has a 50-day simple moving average of $23.49 and a 200 day simple moving average of $23.95. The company has a market capitalization of $19.62 billion, a PE ratio of 11.17, a P/E/G ratio of 1.93 and a beta of 1.19. 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 12 month low of $17.72 and a 12 month high of $27.96.

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

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.62%. Regions Financial’s dividend payout ratio (DPR) is currently 51.55%.

Analyst Upgrades and Downgrades

A number of research firms have commented on RF. Citigroup reduced their price objective on Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Truist Financial boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Compass Point boosted their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Insiders Place Their Bets

In other news, Director Joia M. Johnson acquired 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 3,993 shares of company stock worth $89,682 over the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

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.