Regions Financial Co. (NYSE:RF) Shares Acquired by Lbp Am Sa

Lbp Am Sa boosted its holdings in shares of Regions Financial Co. (NYSE:RF) by 149.4% in the 4th quarter, Holdings Channel reports. The firm owned 730,614 shares of the bank’s stock after buying an additional 437,691 shares during the period. Lbp Am Sa’s holdings in Regions Financial were worth $17,184,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after purchasing an additional 394 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock worth $411,000 after purchasing an additional 420 shares during the last quarter. Prossimo Advisors LLC increased its stake in shares of Regions Financial by 2.3% during the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank’s stock worth $453,000 after purchasing an additional 430 shares during the last quarter. Greenleaf Trust grew its stake in Regions Financial by 1.8% in the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank’s stock valued at $573,000 after buying an additional 436 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in Regions Financial by 2.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank’s stock valued at $456,000 after buying an additional 436 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Down 1.2 %

Shares of RF stock opened at $20.82 on Friday. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a market capitalization of $18.85 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.93 and a beta of 1.19. The firm has a 50-day moving average price of $23.71 and a 200 day moving average price of $24.00. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Research analysts forecast that Regions Financial Co. will post 2.26 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 Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RF. The Goldman Sachs Group raised their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company raised their target price on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Truist Financial raised their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Citigroup lowered their target price on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Barclays raised their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 4,523 shares of company stock valued at $102,269 in the last ninety days. Insiders own 0.29% of the company’s stock.

Regions Financial 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.