Salzhauer Michael Cuts Stock Holdings in Regions Financial Co. (NYSE:RF)

Salzhauer Michael lessened its holdings in Regions Financial Co. (NYSE:RF) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,833 shares of the bank’s stock after selling 1,000 shares during the period. Regions Financial comprises 0.6% of Salzhauer Michael’s holdings, making the stock its 24th biggest position. Salzhauer Michael’s holdings in Regions Financial were worth $1,666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RF. LBP AM SA lifted its holdings in Regions Financial by 149.4% during the fourth quarter. LBP AM SA now owns 730,614 shares of the bank’s stock worth $17,184,000 after buying an additional 437,691 shares during the period. Aigen Investment Management LP bought a new stake in Regions Financial during the fourth quarter valued at about $1,965,000. Aprio Wealth Management LLC purchased a new position in Regions Financial in the fourth quarter valued at about $1,247,000. Nordea Investment Management AB lifted its position in shares of Regions Financial by 60.4% during the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after buying an additional 99,115 shares during the last quarter. Finally, Vest Financial LLC boosted its holdings in shares of Regions Financial by 20.4% in the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock valued at $34,806,000 after buying an additional 250,729 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson purchased 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now owns 17,486 shares of the company’s stock, valued at $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 3,343 shares of company stock worth $74,348 in the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

RF has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. Barclays increased their price objective on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Truist Financial dropped their target price on Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. lowered their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company cut their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.42.

Regions Financial Trading Down 1.2 %

Regions Financial stock opened at $19.20 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The firm has a market cap of $17.38 billion, a PE ratio of 9.90, a P/E/G ratio of 1.93 and a beta of 1.01. The stock’s 50 day simple moving average is $21.79 and its two-hundred day simple moving average is $23.60. 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 quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. Analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.21%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

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.