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

Financial Counselors Inc. cut its holdings in Regions Financial Co. (NYSE:RF) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 643,560 shares of the bank’s stock after selling 6,073 shares during the quarter. Financial Counselors Inc. owned approximately 0.07% of Regions Financial worth $15,137,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RF. Thrivent Financial for Lutherans raised its holdings in shares of Regions Financial by 9.2% in the third quarter. Thrivent Financial for Lutherans now owns 79,453 shares of the bank’s stock worth $1,855,000 after acquiring an additional 6,665 shares during the last quarter. Cerity Partners LLC lifted its holdings in Regions Financial by 9.7% in the 3rd quarter. Cerity Partners LLC now owns 483,032 shares of the bank’s stock valued at $11,269,000 after purchasing an additional 42,520 shares in the last quarter. Centaurus Financial Inc. boosted its stake in shares of Regions Financial by 5.9% during the 3rd quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock worth $228,000 after purchasing an additional 540 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Regions Financial by 11.1% during the third quarter. Daiwa Securities Group Inc. now owns 111,293 shares of the bank’s stock worth $2,596,000 after buying an additional 11,087 shares in the last quarter. Finally, Independent Advisor Alliance raised its position in shares of Regions Financial by 3.2% in the third quarter. Independent Advisor Alliance now owns 42,381 shares of the bank’s stock valued at $989,000 after buying an additional 1,315 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Up 0.8 %

Shares of NYSE:RF opened at $22.44 on Wednesday. The firm has a market cap of $20.32 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a fifty day simple moving average of $23.40 and a 200 day simple moving average of $23.96. 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 released its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.46%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is currently 51.55%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RF shares. Piper Sandler raised their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Compass Point increased their target price on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Citigroup lowered their price target on Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday. Finally, Barclays increased their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. One 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.28.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 3,993 shares of company stock valued at $89,682 in the last quarter. Insiders own 0.29% of the company’s stock.

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.