Regions Financial Co. (NYSE:RF) Stock Position Reduced by Signaturefd LLC

Signaturefd LLC lessened its position in shares of Regions Financial Co. (NYSE:RF) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,766 shares of the bank’s stock after selling 1,169 shares during the period. Signaturefd LLC’s holdings in Regions Financial were worth $422,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RF. Wellington Management Group LLP lifted its holdings in Regions Financial by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock worth $925,780,000 after buying an additional 4,160,768 shares during the last quarter. Bahl & Gaynor Inc. lifted its holdings in Regions Financial by 162.1% during the 3rd quarter. Bahl & Gaynor Inc. now owns 5,904,595 shares of the bank’s stock worth $101,559,000 after buying an additional 3,651,390 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Regions Financial by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 114,585,518 shares of the bank’s stock worth $1,970,871,000 after buying an additional 2,982,310 shares during the last quarter. Invesco Ltd. lifted its holdings in Regions Financial by 15.1% during the 3rd quarter. Invesco Ltd. now owns 11,086,142 shares of the bank’s stock worth $190,682,000 after buying an additional 1,455,499 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Regions Financial by 13.4% during the 3rd quarter. Northern Trust Corp now owns 10,761,543 shares of the bank’s stock worth $185,099,000 after buying an additional 1,268,045 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

RF has been the topic of a number of research reports. Truist Financial dropped their price target on Regions Financial from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday. Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $20.00 to $23.00 in a research report on Monday, March 18th. Morgan Stanley dropped their price target on Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday. Royal Bank of Canada increased their price target on Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, Argus cut Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.17.

Regions Financial Stock Up 2.1 %

Shares of RF stock opened at $19.75 on Thursday. Regions Financial Co. has a 1 year low of $13.72 and a 1 year high of $21.08. The stock has a market cap of $18.15 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The business’s fifty day moving average is $19.39 and its 200-day moving average is $18.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities analysts expect that Regions Financial Co. will post 1.95 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

Insider Activity

In other news, Director William C. Rhodes III purchased 50,000 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were bought at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the transaction, the director now owns 50,000 shares in the company, valued at $968,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by insiders.

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.