Dimensional Fund Advisors LP Trims Stake in Regions Financial Co. (NYSE:RF)

Dimensional Fund Advisors LP lessened its position in shares of Regions Financial Co. (NYSE:RFFree Report) by 6.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,224,388 shares of the bank’s stock after selling 952,572 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Regions Financial were worth $256,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in shares of Regions Financial by 8.1% in the 4th quarter. QRG Capital Management Inc. now owns 99,012 shares of the bank’s stock valued at $1,919,000 after acquiring an additional 7,459 shares during the period. BNP Paribas Financial Markets increased its stake in Regions Financial by 52.5% in the fourth quarter. BNP Paribas Financial Markets now owns 1,012,651 shares of the bank’s stock valued at $19,625,000 after purchasing an additional 348,636 shares during the period. Versor Investments LP raised its holdings in shares of Regions Financial by 181.6% in the fourth quarter. Versor Investments LP now owns 49,000 shares of the bank’s stock valued at $950,000 after buying an additional 31,600 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Regions Financial during the fourth quarter worth about $92,000. Finally, Montag A & Associates Inc. increased its position in Regions Financial by 10.7% in the 4th quarter. Montag A & Associates Inc. now owns 30,494 shares of the bank’s stock valued at $598,000 after acquiring an additional 2,941 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of NYSE RF opened at $19.94 on Tuesday. The business has a 50 day moving average price of $19.70 and a two-hundred day moving average price of $18.45. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The firm has a market cap of $18.26 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Regions Financial (NYSE:RFGet Free Report) last posted 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). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The company’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. Sell-side analysts expect that Regions Financial Co. will post 1.95 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

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 issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.81%. Regions Financial’s dividend payout ratio (DPR) is 52.17%.

Insider Activity at Regions Financial

In other news, EVP William D. Ritter sold 23,000 shares of Regions Financial stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $19.95, for a total value of $458,850.00. Following the completion of the transaction, the executive vice president now directly owns 41,671 shares of the company’s stock, valued at approximately $831,336.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the transaction, the director now directly owns 50,000 shares in the company, valued at $968,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William D. Ritter sold 23,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the transaction, the executive vice president now owns 41,671 shares of the company’s stock, valued at approximately $831,336.45. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Stephens reissued an “equal weight” rating and issued a $21.00 target price on shares of Regions Financial in a report on Tuesday, January 23rd. Royal Bank of Canada raised their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Evercore ISI boosted their price target on shares of Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Piper Sandler boosted their target price on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, Truist Financial decreased their price objective on Regions Financial from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.34.

View Our Latest Stock Analysis on Regions Financial

Regions Financial Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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