Regions Financial Co. (NYSE:RF) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Regions Financial Co. (NYSE:RF) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,450 shares of the bank’s stock after selling 6,844 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Regions Financial were worth $2,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of RF. Yousif Capital Management LLC lifted its holdings in Regions Financial by 0.8% in the 1st quarter. Yousif Capital Management LLC now owns 149,877 shares of the bank’s stock valued at $3,336,000 after acquiring an additional 1,249 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Regions Financial by 23.5% in the 1st quarter. Vontobel Holding Ltd. now owns 24,426 shares of the bank’s stock valued at $553,000 after acquiring an additional 4,648 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Regions Financial by 929.9% during the 1st quarter. Allianz Asset Management GmbH now owns 1,070,728 shares of the bank’s stock worth $23,834,000 after buying an additional 966,768 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Regions Financial by 44.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 15,715 shares of the bank’s stock worth $350,000 after buying an additional 4,852 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Regions Financial by 41.7% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,505 shares of the bank’s stock worth $56,000 after buying an additional 737 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Down 0.5 %

Shares of Regions Financial stock opened at $18.91 on Friday. The stock has a market capitalization of $17.38 billion, a P/E ratio of 9.05, a PEG ratio of 1.36 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $19.32 and a two-hundred day moving average price of $17.99. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $21.08.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the company posted $0.62 earnings per share. The firm’s revenue was down 10.5% compared to the same quarter last year. Equities analysts expect that Regions Financial Co. will post 1.98 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.96 annualized dividend and a dividend yield of 5.08%. Regions Financial’s dividend payout ratio is 45.93%.

Analyst Ratings Changes

Several analysts have issued reports on RF shares. Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $23.00 in a report on Monday, March 18th. Truist Financial boosted their price objective on Regions Financial from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Monday, April 1st. Argus downgraded Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Finally, Barclays reiterated an “underweight” rating and issued a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Regions Financial currently has an average rating of “Hold” and a consensus price target of $20.39.

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.