Caisse Des Depots ET Consignations Takes Position in Regions Financial Co. (NYSE:RF)

Caisse Des Depots ET Consignations purchased a new position in Regions Financial Co. (NYSE:RF) in the fourth quarter, Holdings Channel reports. The fund purchased 71,979 shares of the bank’s stock, valued at approximately $1,693,000.

A number of other hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd raised its holdings in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC bought a new stake in shares of Regions Financial during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management raised its stake in Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after acquiring an additional 1,201 shares during the period. Millstone Evans Group LLC bought a new position in Regions Financial in the fourth quarter worth about $32,000. Finally, Truvestments Capital LLC acquired a new position in Regions Financial in the third quarter valued at approximately $37,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RF. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Barclays raised their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Piper Sandler upped their price target 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. Truist Financial cut their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, Citigroup decreased their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and an average target price of $27.28.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents 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 at this link. Insiders acquired a total of 3,993 shares of company stock valued at $89,682 over the last ninety days. Insiders own 0.29% of the company’s stock.

Regions Financial Stock Performance

Shares of NYSE RF opened at $21.93 on Friday. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The firm has a market cap of $19.86 billion, a P/E ratio of 11.31, a PEG ratio of 1.93 and a beta of 1.19. The stock has a fifty day moving average price of $23.30 and a two-hundred day moving average price of $23.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last released its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company earned $0.39 earnings per share. Regions Financial’s revenue was up .2% compared to the same quarter last year. Research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. Regions Financial’s payout ratio is currently 51.55%.

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.